The Greek Deal.com
BUSINESS
Alpha Bank
Upgrade by Moody's to investment grade with positive outlook
The long-term and short-term deposit ratings of Alpha Bank were upgraded by Moody's to "Baa3/P-3" from "Ba1/NP," with a positive outlook for long-term deposits.
EKTER
€9.45 million project contract with the Attica Health Region
EKTER announced today that it signed a project contract with the Administration of the 1st Health Region of Attica for the the construction of the ICU of the General Hospital "Laiko.".
Andreas Shiamishis
The extraordinary levy on refinery profits is wrong
In reference to the implementation of a special levy on refinery profits, CEO of Helleniq Energy Andreas Siamisis stated that the dividend for 2023 will not be impacted by the levy, but rather for 2024 and 2025. The amount of the levy is currently unknown.
PPC
The transformation and dividend target
The dividend to PPC shareholders will rise from its current 35% of net profits to 55% of net profits by 2026, according to George Stassis, Chairman and CEO of PPC.
Giorgos Peristeris
GEK Terna's profitability will reach €700 million in 2028
The agreement to sell GEK Terna's interest in TERNA Energy is the latest development in a year full of significant developments for the company, as stated by Chairman and CEO C. Peristeris at the Annual General Meeting of Shareholders.
Ministry of Finance
Great interest from businesses for auction of beaches
Ninety percent of the online auctions for beach concessions have been completed, and businesses are particularly interested.
PUBLIC GROUP
Recurring EBITDA of €20 million in 2023 - Over €500 million sales
Public Group remained the top omni-retail destination in Greece and Cyprus in 2023, continuing the implementation of its transformation plan.
Kyriakou Family
Sets up €1 billion investment fund with Qatar
The Qatar Investment Authority (QIA), a Qatari investment fund, and the Kyriakou family's international investment group, K Group, have announced that they have established an investment fund with $1 billion in capital from QIA for use in Greece and overseas.
PPC
Merger of supply and distribution companies in Romania
In order to achieve more effective management, increased flexibility, and quicker customer service delivery, the competent bodies of the PPC Group companies in Romania made the decision to streamline the organizational structure of the companies.
Eurobank
Public offer for Hellenic Bank starts on 1 July
The Cyprus Securities and Exchange Commission has approved the public offer for the acquisition of up to 100% of the issued share capital, clearing the path for Eurobank to fully acquire Hellenic Bank.
SHORT TERM RENTALS
Stama Association appealed to the Council of State for the business tax
Regarding the business tax, Stama, the Association of Short-Term Rental Companies, has filed an appeal with the Council of State.