GEK Terna
Whopping dividend for Attiki Odos stakeholders
The shareholders of Attiki Odos (Ellaktor 65.7% and Avax 34.2%) collected dividends totaling 516 million euros in the period from 2019 to the year 2023.
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Stock Athens Exchange: Controlled liquidations & a brake on the five-day upward rally
Investors in the Greek stock market were content with selective moves today (10/7), correcting measuredly after a five-day rally that had yielded gains of +3.14%. The General Index was again below 1,450 points, but did not move far enough away from this psychological threshold.
ATHEX: Stock index rises for fifth straight day
Tuesday's mixed session on the bourse showed a lack of clear direction in the market, with banks heading lower, mid-caps closing higher and the benchmark as well as the blue chip index ending up practically unchanged. That sufficed to make it five days in a row for the benchmark's growth, a performance not seen in three months at Athinon Avenue.
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The new “green city” of Hellinikon is born
With sales in the residential areas running, having reached almost 100% for the beachfront residences and 65% for the apartments that went on the market at the end of 2023, and the individual developments within the area gradually locking in, the pieces of the puzzle of the Hellenikon mega investment are now coming together at an accelerated pace.
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Infrastructures: The extensions of the Attiki Odos and the Elefsina – Oinoi axis are on the table
The Ministry of Infrastructure and Transportation will give priority to projects in Attica that will relieve the city from the traffic problem that is now causing suffocating conditions in transport, with the
ATHEX: Benchmark eases further on bourse
Corporate dividends, French election concerns and the upcoming ending of the year's first half led to a variety of trends among Greek stocks on Tuesday, after the long weekend. The course of prices was more affected by every individual stock and not by a general or sector-specific trend. The session also marked the debut of Athens International Airport in the blue chip index.
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New gas power plant to begin trial operation this summer
The new natural gas power plant being developed by a joint company of Motor Oil and GEK Terna is expected to be put into trial operation in the summer, while its commercial operation is expected by early fall, Motor Oil sources said in the context of the general meeting of shareholders. The new unit has a capacity of 877 megawatts and a cost of 375 million euros.
ATHEX: Helleniq Energy and Motor Oil pay the price
The government announcement of the 33% levy on the excessive earnings of refineries had a direct effect on the share prices of both Motor Oil and Helleniq Energy, impacting the rest of the market too. However, GEK Terna and its subsidiary Terna Energy benefited on the latter's sale to Masdar, on a day of significantly increased turnover at Athinon Avenue.
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Abu Dhabi’s Masdar buys out Terna Energy
Masdar Hellas has reached an agreement to initially purchase 67% of Terna Energy with GEK Terna and other shareholders of the Athens-listed energy company, GEK Terna announced on Thursday.
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ATHEX: NBG leads stock market index lower
Thursday offered investors another bank-centered decline for stocks, which came with a drop in turnover too. The benchmark at Athinon Avenue took significant losses and even closed at the day's low, pointing to a trend for a further drop on Friday morning at least. Observers say the market is waiting for the sale of blue chip Terna Energy to unleash some liquidity.
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