Lamda Development

TEMES Group adds to Elliniko's luxury

The TEMES Group, which belongs to the Konstantakopoulos family, has acquired majority stakes in two companies that are to develop two seafront hotel units and an extensive residential project on the site of the former Athens airport at Elliniko, following an agreement with Elliniko developer Lamda Development announced on Friday.

ATHEX: Promising end to a week of stock losses

After a session of ups and downs, buyers retained the upper hand in the closing auctions at the Greek stock market on Friday and pushed the benchmark into the black after three consecutive days of losses.

The Athens Exchange (ATHEX) general index ended at 646.80 points, adding 0.29% to Thursday's 644.90 points. On a weekly basis it declined 5.36%.

Lamda to assume controlling stake in Flisvos Marina

The governing board of listed firm Lamda Development has decided to partially revise the allocation of the funds it raised in a recent 650-million-euro share capital increase.
It will now use €12.4 million to acquire a stake in Lamda Marinas Investments SMSA, the company that controls and manages Flisvos Marina at Palaio Faliro in southern Athens.

ATHEX: Rebalancing leads to jump in turnover

The upcoming rebalancing of the MSCI Greek stock indexes and profit taking after five consecutive days of gains led to losses at Athinon Avenue on Friday, with a huge daily turnover. Notably 70% of trading volume took placing during the closing auctions. The benchmark of the Athens stock market ended May with a monthly advance of 3.87%, though banks lost 2.94%.

ATHEX: Friday growth limits weekly index drop

The benchmark of the Greek stock market ended every session this week below the 600-point mark, as Friday's gains - largely driven by Wall Street's healthy rise on Thursday - were contained toward the end of the session.

The Athens Exchange (ATHEX) general index ended at 593.26 points, adding 0.87% to Thursday's 588.12 points. On a weekly basis it declined 1.79%.

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