BUSINESS

Alpha-Unicredit deal

HFSF confirms offer by Unicredit for Alpha's stake; To launch tender process

Hellenic Financial Stability Fund confirms it has received an offer by Uncredit to buy 9% Alpha’s own stake held by the bank rescue fund.

23/10/23 • 11:40

Strategic parthership

Unicredit offers to buy Alpha' s stake from HFSF; To merge Romanian subsidiaries

Alpha Bank and UniCredit announce a strategic partnership in Greece and merger of Romanian subsidiaries.

23/10/23 • 09:52

Alpha Bank

Completes 1.5b euros NPL sale to Hoist Finance

Alpha Bank has completed the disposal of a 1.5 billion euros retail unsecured non-performing loans to Hoist Finance. The sale of Cell project is capital neutral for the bank.

20/10/23 • 17:43

TAIPED

Cancels DEPA Commercial tender sale; Examines alternatives

Privatisation agency TAIPED said it decided to cancel the international tender process for the sale of 65% stake in the country’s dominant gas supplier DEPA Commercial.

13/10/23 • 12:11

GEK Terna

Vehemently denies report of bank refusal for letter of guarantee

GEK Terna vehemently dismisses press report which claimed that a bank refused to provide the company with a letter of guarantee.

13/10/23 • 11:55

Piraeus Bank

Launches voluntary exit scheme; Runs until Nov 3

Piraeus Bank said it launches a voluntary exit scheme, paying out compensations of up to 180K euros or even 220K euros to outgoing employees.

12/10/23 • 17:35

OTE

BoD approves absorption of Cosmote

OTE's BoD approve the draft merger agreement by absorption of its 100% subsidiary Cosmote-Mobile. The process is expected to be completed in January 2024.

12/10/23 • 17:10

Motor Oil

Shareholders decide early termination of buy-back scheme

The refiner has purchased altogether 1,775,841 company shares at an average price of 19.278 euros per share.Initially, the scheme involved the purchase of seven million shares at a price range of 8-23 euros.

12/10/23 • 12:55

Moody's

The divestment of HFSF’s shares in Greek banks will be credit positive

Still, Moody’s has a word of caution: the sale of the HFSF shares to National Bank and Piraeus Bank could be more difficult than the Eurobank transaction.

12/10/23 • 11:55