The Greek Deal.com
BUSINESS
PPC
Strong results with adjusted EBITDA at €927 million for the first half of the year
PPC Group reports strong results for the first half of the year, with adjusted EBITDA reaching EUR 927 million, up 57%.
AVAX GROUP -METLEN
Refutation of publications on shareholder cooperation
The AVAX Group and Metlen made a statement to the Hellenic Capital Market Commission in response to today's publications in the printed and electronic press regarding discussions of cooperation with another group.
Hellenic Republic Asset Development Fund
Unsuccessful tenders for the sale of LARCO's assets
The tenders for the sale of LARCO's assets, as well as the state's mining rights and the Larymna smelter, were concluded without result, the Ministry of National Economy announced.
LOANS
Debts of more than €500 million settled off court in July
The upward pace of the out-of-court settlement mechanism continued, leading to a new record of 1,952 settlements for the month of July, corresponding to €518 million in arrears.
ORILINA PROPERTIES
Increased the value of its properties to €159 million
The market value of Orilina's assets amounted to €194 million, compared to €183 million on December 31, 2023.
Capital Product Partners
10% revenue increase to $97.7 million in the second quarter
Capital Product Partners L.P. (CPLP) of Vangelis Marinakis' interests ended the second quarter with a 10% increase in revenues to $97.7 million compared to $88.5 million in the corresponding period of 2023.
Independent Power Transmission Operator
The tender for the cable projects of the Dodecanese and NE Aegean interconnections proceeds
The IPTO-announced tender for the conclusion of the framework agreement for the submarine cable projects for the alternating current interconnections of the Dodecanese and the islands in the north-eastern Aegean Sea is now moving forward.
PPC
European funding to modernise networks in Romania
The three PPC Group companies in Romania have secured €38.3 million (191 million lei) in financing from the Modernization Fund.
PQH
Sells €4.8 billion loan portfolios
PQH, the special liquidator for all credit and financial institutions in special liquidation in Greece, announces the signing of sale and transfer agreements for the Alphabet loan portfolios with a total book value of €4.8 billion.
Alpha Bank
Profit €322,5 million in the first half of the year
Alpha Bank reported a net profit after tax of €322.5 million in H1 2024, up 6.6% compared to H1 2023, as a result of higher revenues as well as improved costs and provisions, which fully absorbed the impact of the accelerated resolution of the MEA portfolio.
S&P Global
Greek manufacturing sector in recovery in July 2024
S&P Global's seasonally adjusted Purchasing Managers' Index (PMI) for the manufacturing sector in Greece closed at 53.2 points in July, down from 54 points in June, indicating a steady recovery in operating conditions for Greek manufacturers.