The Greek Deal.com
BUSINESS
Hellenic Republic Asset Development Fund
The plans for the Gonos Camp and Filis property
A total of €800 million will be allocated, both from available funds and from private leverage, to the investments for the construction of the two logistics centres at the Gonos camp and Filis, as noted by Panagiotis Stamboulidis, Executive Member of the Board of Directors and Executive Advisor of Hellenic Republic Asset Development Fund.
PPC
4 times over-coverage for the 7-year bond - Pumping €600 million
The issuance of the new 7-year bond by PPC was a great success as the company finally raised the amount of €600 million, which increased compared to the initial target of €500 million.
GEK Terna
General Meeting approved Terna Energy sale to Masdar
The General Meeting of the shareholders of GEK TERNA recently approved the sale of the RES portfolio and related activities to Masdar.
Eurobank
In the top 4% of banks worldwide in the risk category Negligible
Eurobank was placed in the optimal risk category "Negligible," achieving a score of 9.0 in the latest ESG assessment by the internationally renowned Morningstar Sustainalytics.
Sarantis Group
Sales increased by 27.9% in the first nine months of the year
Sarantis recorded a strong performance in the first nine months of the year as a result of the focused implementation of its strategic priorities, as stated in its nine-month results announcement.
PPC
Which major investments will be financed by the €500 million bond
PPC's €9 billion investment plan for the three-year period of 2024–2026 will benefit from the €500 million in proceeds from the five-year bond issue that the company announced.
Goldman Sachs
Reduces target prices for Greek banks
Goldman Sachs has adjusted its estimates for the profitability levels and target prices of the shares of the four systemic banks against the backdrop of the new interest rate policy of the ECB.
TSAKOS FAMILY
The investment in tourism
Apart from the ships, the Tsakos family is gradually expanding into tourism. The aim is to build infrastructure for high-quality tourism, as they see that many islands do not have the right infrastructure to accommodate tourists.
LOGISTICS
Contribution 11.5% of GDP and valuation at €23.8 billion
Greece ranks 19th in the World Bank's logistics efficiency ranking, with the sector contributing 11.5% to GDP with a value of €23.8 billion and being the most important after tourism, while the development of rail transport and the new map of warehousing facilities are expected to further raise the bar of expectations.
Cenergy Holdings
Supply of cables for the extension of the Dutch energy network
Cenergy Holdings announces that Hellenic Cables, its cable business, has signed a multi-year framework agreement with Enexis Netbeheer for a landmark project aimed at strengthening and expanding the electricity network in the Netherlands.
Papoutsanis
41% jump in profits in the first nine months
Papoutsanis' profits for the nine-month period rose by 41%, the company announced, recording a profit after tax of €3.9 million.