Six bids made on sale of PPC lignite units

Public Power Corporation (PPC) said Thursday it received six bids from investors for the sale of lignite units in Melitis and/or Megalopolis. The bids came from: 1. BEIJING GUOHUA POWER COMPANY LIMITED AND DAMCO ENERGY S.A. (CONSORTIUM) 2. GEK [...]

National Bank offloads 2 bln euro loan portfolio

National Bank of Greece (NBG) said Thursday that it sold a portfolio of non performing loans to Carval Investors and Intrum AB as part of efforts to reduce bad loans. The portfolio offloaded by NBG has an outstanding principal amount of some [...]

FF GROUP: Announcement

Regarding the recent developments, the management of FF Group considers the Hellenic Capital Market Commission’s position that the Group refused to carry out a full audit is a product of misunderstanding, as our Group has done everything in [...]

Three new super-panamax cranes arrive at Cosco terminal in Piraeus

Cosco received three new super-post panamax cranes at its container terminal in Piraeus that will help increase the rate of loading and unloading containers on and off ships. The three container cranes were delivered by heavy-lift ship “Zhen [...]

Piraeus Bank releases survey on non-viable enterprises

If non-viable enterprises could operate under the terms of viable enterprises, their operating profits (and the added value of the Greek economy) could be raised by 2.6 billion euros annually and the turnover in the economy could be higher by [...]

Innovation Brain confirms interest for Hellenic Sugar Industry

Innovation Brain, a fund seeking value creation through Turnaround, Innovation and Growth, on Wednesday confirmed its interest for Hellenic Sugar Industry. In an announcement, Lukas Fecker, CEO and founder of the fund, said, “At this point [...]

Coca Cola HBC expands in new products, markets

“Greece has huge potential. No more misery. We can do a lot as long as we believe it and there are companies offering jobs to young people.” That was the message sent by Yiannis Papachristou, managing director of Coca Cola HBC, presenting [...]

Attica Bank receives three offers for management of an NPEs portfolio

Attica Bank’s board will meet early next week to decide on the buyer of an NPEs loan portfolo worth 700.5 million euros and on a potential participant in the bank’s equity capital, covering a gap from a recent share capital increase [...]

Piraeus’ port ranks 7th in Europe

The port of Piraeus ranked 7th among the 20 largest European ports in 2017, with total container traffic projected to exceed 4,057 (TEU), rising to 38th from 96th in the world ranking – making it the fastest growing container terminal [...]

PPC’s board approve spin off of lignite units

A Public Power Corporation (PPC) board meeting on Wednesday approved a plan for the spin off of its lignite power units in Megalopoli and Florina and the launch of an invitation for the expression of interest in an open, international, bidding [...]