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BUSINESS
BUSINESS
GEK Terna
Contribution of €4.8 billion to Greece's GDP
The substantial contribution of GEK TERNA Group to the national economy and the Greek society was once again highlighted through a study "Socio-Economic Impact Assessment (SEIA) for the period 2022-2023".
MARKETS
MARKETS
Stock market
Equities drop slightly; Investors chew over developments in banks
Shares in Athens fall slightly at midday in range-bound trade. Investors are assessing the next step of the banking sector following Alpha's mega-deal with Unicredit.
MARKETS
MARKETS
PPA
Reports record earnings performance due to cruise business
Third quarter profits rise 28% y-o-y to 27.1 million euros. EBITDA is up 26%, while revenues increase 18% to 62.3 million euros.
BUSINESS
BUSINESS
Motor Oil
To allocate '23 interim dividend of 0.40 euros/shr
Ex-interim dividend date is set on December 18, while the first day of payment of the dividend is set on December 22.
MARKETS
MARKETS
Stock market
Equities trade flat, taking a breather; Alpha falls slightly
Stocks in Athens are flat in early trade, taking a breather after Alpha’s hectic rally on the back of the mega-deal with Unicredit which sent the borader market sharply higher.
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.
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