The Greek Deal.com
AVAX GROUP
Signatures for a €310 million project - Increases its participation in Olympia Odos
Developments at Avax are dense, with the company developing and undertaking new projects. The long-delayed Ioannina-Kakavia project appears to be gaining momentum.
23.01% stake in Olympia Odos
According to a relevant announcement, Hochtief exercised its right to acquire a stake, increasing AVAX Group's stake in the concession contract and the operating company of the Olympia Odos from 19.1% to 23.01%.
Supplementary budget for the Bralos - Amfissa road project
The Ministry of Infrastructure and Transport has given the green light for the signing of a €69.25 million supplementary contract with the contractor AVAX for the redesign of the road project from Bralos to Amfissa.
53.2 million EBITDA in the first half of the year - Unrealised 3.23 billion
The AVAX group recorded an increase in turnover and profitability, with a further reduction in borrowings in the first half of the year, with the outstanding amount standing at €3.23 billion.
Aktor and Avax take over the PPP
The companies Aktor and Avax are undertaking the PPP project for the Tavropos Irrigation Network, which includes the rehabilitation and modernization of the networks, according to a joint press release of the Ministries of Rural Development & Food and National Economy and Finance.
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.
Issued €300 million seven-year bond
Avax Concessions, a division of Avax, announced the successful issuance of a €300 million, 7-year common bond loan.
Undertakes new $82 million project in Iraq
AVAX Group announced the conclusion of a $82 million project with Mass Group Holding (MGH) for the design, building, and operation of a 282 MW open-cycle power plant in Iraq.
€42.9 million contract with PPC Renewables
PPC Renewables and the Avax Group signed the contract for the Megalopolis 125 MW photovoltaic power plant's construction and operation.
€3.4 billion backlog of projects
Christos Ioannou, the chairman of AVAX Group, stated during the company's annual general meeting yesterday that the company's three pillars of strategy are construction, participation, and new investments.
Construction of power plant in Romania
The first gas turbine of the plant was installed at the Mintia power plant in Romania by AVAX Group, with the presence of Marian Neaksu, the deputy prime minister of Romania.