Hygeia Group

G. Apostolopoulos Holdings, owner of listed Athens Medical Group, announced on Monday it has submitted a takeover bid for the entire share capital of rival Hygeia Group.

The offer, in cooperation with US fund HIG Capital International, amounts to 0.95 euros per share, bettering the 0.92-euros-per-share bid tabled by CVC.

Turnover at the Greek bourse remained disappointingly low and stocks continued to display a lack of direction on Monday as the week began with another mixed session. The benchmark only managed to avoid posting a drop on the day in the closing auctions, but losing stocks outnumbered the gainers.

The Apostolopoulos Group, which controls the Athens Medical Center, placed a bid on Friday for 30 percent of shares in the Athens-listed Hygeia Group.

Mid-caps pushed the benchmark higher at the end of the week on what was a day of mixed fortunes for blue chips. Judging from the low turnover, many foreign investors decided to take the day after Thanksgiving off too.

The Athens Exchange (ATHEX) general index ended at 723.18 points, adding 0.36 percent to Thursday's 720.56 points. On a weekly basis it grew 1.14 percent.