The Greek Deal.com
GREEK BUSINESS
Investments granted by the Development Law
Tourism investments of several tens of millions have recently been included in the Development Law of 2022 and concern both the creation of new hotel units and the modernization of existing ones.
Why it gives a vote of confidence in Greek equities
JP Morgan published a positive report on the Greek stock market, following the cautious Goldman Sachs.
What stopped the €1.2 billion mega investment in Western Macedonia
Sunlight Group will not proceed with the €1.2 billion investment in the Gigafactory battery factory in Western Macedonia. At the same time, the company's executive responsible for financing the lithium battery factory, Nikos Mantzoufas, is leaving the company.
Completion of the acquisition of Kampos Chios
The completion of the acquisition of the company named Kambos Chios Juice and Soft Drinks Industry SA, announced the company Hellenic Dairies SA.
Revenue growth of 6.3% in 2024, exceeding guidance
From the first day of the serious complications of the disruption of the global supply chain from the "closure of Suez", the management of the Jumbo Group made a commitment to the consumer and avoided offering on the shelves of the stores, products with a temporary or opportunistic price increase.
Goldman Sachs raises its target price
Goldman Sachs raises its target price for PPC's shares to €15.5 from €14.5 previously, while upgrading its recommendation to buy from neutral.
Why does it expect high perfomance from bank stocks
2025 will be another positive year for the banking sector, given that profitability will remain high (return on equity >13%) and higher dividend yields of 8% are expected from 2024 earnings, Alpha Finance estimates in a new report.
Planning new products
Profile is looking at AI, and is reportedly already planning new products in this direction. Its AI-enabled record processing program is the latest addition to its product portfolio, and it aims to get even more projects in this area.
Conclusion of a USD 420 million loan agreement for LCI
The conclusion of a €420 million loan agreement with four financial institutions for the supply of new helicopters for air ambulance and search and rescue missions was announced by Libra Group's LCI, which is active in the aerospace sector, and Sumitomo Mitsui Finance and Leasing Co. Ltd (SMFL), which has been a shareholder of LCI since 2023.
Expansion with emphasis on Lego
Moustakas Toy Stores plans to expand with new stores in the new year, while according to reports, the Lego sales network is expected to be strengthened.
The role of the 4+1 agreements that follow within 2025
What could be the first deal for 2025, as Masdar's public offer process for Terna Energy is underway, with the Arab group having reached 90% of the listed company's capital increase.