BUSINESS

GEK Terna

Vehemently denies report of bank refusal for letter of guarantee

GEK Terna vehemently dismisses press report which claimed that a bank refused to provide the company with a letter of guarantee.

13/10/23 • 11:55

Piraeus Bank

Launches voluntary exit scheme; Runs until Nov 3

Piraeus Bank said it launches a voluntary exit scheme, paying out compensations of up to 180K euros or even 220K euros to outgoing employees.

12/10/23 • 17:35

OTE

BoD approves absorption of Cosmote

OTE's BoD approve the draft merger agreement by absorption of its 100% subsidiary Cosmote-Mobile. The process is expected to be completed in January 2024.

12/10/23 • 17:10

Motor Oil

Shareholders decide early termination of buy-back scheme

The refiner has purchased altogether 1,775,841 company shares at an average price of 19.278 euros per share.Initially, the scheme involved the purchase of seven million shares at a price range of 8-23 euros.

12/10/23 • 12:55

Moody's

The divestment of HFSF’s shares in Greek banks will be credit positive

Still, Moody’s has a word of caution: the sale of the HFSF shares to National Bank and Piraeus Bank could be more difficult than the Eurobank transaction.

12/10/23 • 11:55

Smart Park

Fourlis agrees to buy Smart Park for 93m euros

Fourlis Holdings said that its real estate arm Trade Estates has signed a share purchase agreement to acquire from REDS the retail park Smart Park.

11/10/23 • 11:49

Hellenic Cables

Cenergy wins new export cables contract for Polish offshore wind farms

A consortium formed between Hellenic Cables and Jan De Nul Group wins new export cables contract for Polish offshore wind farms.

11/10/23 • 10:25

Kotsovolos

PPC confirms interest for Kotsovolos acquisition; Submits offer

PPC confirms its interest for the acquisition of electronic goods retailer Kotsovolos, and said it has submitted a bid in the tender sale.

10/10/23 • 16:50

Hydrocarbons

Helleniq Energy to decide on whether to conduct test drillings in next 6-12 months

CEO Andreas Shiamishis says the results of the offshore seismic researches in two blocks off Crete and Ionian Sea are currently evaluated.

10/10/23 • 10:28

Eurobank-HFSF

Eurobank buys back 1.4% stake from HFSF for 93.7m euros

Eurobank announces the acquisition of all its issued shares held by HFSF for a total consideration of 93.7 million euros. The lender bought back some 52 million common shares.

09/10/23 • 08:51