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BUSINESS
BUSINESS
Upcoming merger
Pancreta and Attica's business plan to be ready by Feb
The due diligence process is scheduled to start in coming weeks, which will define the terms of the merger and the swap ratio between the banks.
MARKETS
MARKETS
Stock market
Equities close higher led by upbeat Alpha
Stocks end higher led by Alpha, which rose 12.4%, following the mega deal with Unicredit. The acquisition would mark the first investment in a Greek bank by another European bank in almost two decades.
ECONOMY
ECONOMY
TAIPED
Receives one bid for Ververonta property in Porto Heli
TAIPED received a sole bid for the development of property in the “Ververontas” area of the Porto Heli village in Argolida. Goutos Ikodomiki was the sole bidder.
DEAL MAKER
DEAL MAKER
Equity Fund
Deca Investments completes final closing of 213m euros
Deca Investments Diorama II completes the final closing, raising 213 million euros, a development seen by the management, as “a big success in an anxious global economic environment.”
MARKETS
MARKETS
Stock market
Alpha shares rally, posting double digit rise on Unicredit deal
Alpha Bank stocks rally, rising 11.6%. Authorities had suspended trading of the stock on Monday, following Unicredit's plan to become Alpha’s biggest investor by buying a 9% stake owned by HFSF.
ECONOMY
ECONOMY
BoG
Demand for housing loans drops in 3Q due to end of “My Home” program
Demand for housing loans decreased in the third quarter because of the termination of the subsidized housing program “My Home.” Also, demand for corporate loans remained unchanged.
ECONOMY
ECONOMY
BoG
Hosts ECB Governing Council meeting Oct 25-26
The Governors of the national central banks of the euro area countries and the six members of the ECB Executive Board will meet in the main building of the Bank of Greece and will take decisions on monetary policy.
BUSINESS
BUSINESS
Grivalia Hospitality
Inaugurates high-end, luxury One & Only resort
Real Estate group Grivalia Hospitality inaugurated the high-end, luxury hospitality project the One & Only Aesthesis, a complex of 128 luxury rooms, suites and villas in Glyfada.
BUSINESS
BUSINESS
Ravago Hellas
To launch new stonewool unit by start 2024
Ravago Hellas is expected to put into operation a new stonewool production unit in Sevasti Pierias by the start of 2024, according to BnB sources.
BUSINESS
BUSINESS
Palaplast
Eyes further expansion abroad via launching new products
Plastic pipes and fittings producer Palaplast sticks to its target for expansion abroad launching new products, sources told BNB Daily.
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