The Greek Deal.com
BUSINESS
PPC
Payments of €8.7 million to the Public Sector
Due to the lignite mines' mining activity, PPC paid the state €8.7 million for the year that ended on December 31, 2023.
PANCRETA BANK
Net profit for first quarter at €2,55 million
The first quarter 2024 financial results for Pancreta Bank showed notable profitability, supporting the management's strategic decisions.
Kekrops
920.461 shares worth €1,2 million were transferred to Petros Souretis
Kekrops CEO Petros Souretis acquired 920,461 shares of the company in an OTC transaction, following a transfer from INTRADEVELOPMENT (a subsidiary of Intracom).
REAL ESTATE
Shift from Greek buyers to smaller houses
Larger properties are primarily chosen for owner-occupation, but Greek buyers are gravitating toward smaller properties, primarily seeking investment opportunities that can guarantee future capital gains.
Phaistos Fund
Invests in D-Orbit, an innovative space technology company
Phaistos Investment Fund invests in D-Orbit, another cutting-edge space technology company, expanding its holdings.
Aegean Airlines
Passenger traffic up 8% in the second quarter
In Q2 2024, Aegean carried 4.4 million passengers, up 8% from the previous year. By the first half of the year, the carrier carried 7.3 million passengers, up 9% from the year before.
Hellenic Gas Transmission System Operator
Gas consumption up 29.74% in the first half of the year
Domestic gas consumption is rising, based on data from the Hellenic Gas Transmission System Operator (DESFA) for the first half of 2024.
PUBLIC TRANSPORT
Public consultation on the tender procedure for the supply of 700 new electric buses and trolleybuses
A public consultation process was held in conjunction with the draft tender notice for the tender procedure for the renewal of the bus fleet in Athens and Thessaloniki. The Ministry of Infrastructure and Transport will serve as the contracting authority, and the urban transport organizations in the two metropolitan areas will be the final beneficiaries.
Piraeus Bank
Successfully priced a €650mn Green Senior Preferred Bond with a yield of 4.625%
According to an announcement, Piraeus Bank has successfully finished pricing a new €650 million High Priority Green Bond with a yield of 4.625%, drawing interest from a sizable number of institutional investors.
Intrakat
Targets 7.5% EBITDA by 2026
As stated at the most recent Annual General Meeting, Alexandros Exarchou, the CEO and Chairman of the Board of Intrakat, stated that the management of the company is concentrated on increasing the group's financial performance in 2026, with an EBITDA of 7.5% for the the following five years.
PPC
€100 million investment for new green offices goes ahead
The approval of the environmental conditions for the construction of the PPC's new green offices marked a significant milestone in the implementation of the €100 million investment in Mesogeion Avenue.