Lamda Development

ATHEX: OTE results lead stock market higher

OTE telecom was the protagonist in Wednesday's bourse session following the issue of its 2019 financial results that showed a rise in profits, leading to 2.32 percent growth for its stock while accounting for over two-fifths of all of the day's trading. That helped the benchmark at Athinon Avenue record its first day of gains this week.

Lamda buys out Dogus’ holding at Flisvos Marina

Lamda Development is as of last week the 100 percent owner of the Flisvos Marina in Palaio Faliro, southern Athens.
This follows the transaction last Thursday between Lamda and D-Marinas, which belongs to Turkish group Dogus - i.e. a few days before Dogus' broader divestment from marinas which it has sold to CVC Capital Partners.

Lamda raises 650 million euros in rights issue

Lamda Development raised 650 million euros via a rights issue to help finance part of a landmark project at Athens' former Elliniko airport, it said on Tuesday.
Lamda, controlled by the Latsis family, announced the cash call in October to help fund a 8-billion-euro plan to turn Elliniko into a complex of luxury homes, hotels, offices and a casino.