Mytilineos

Mytilineos announced the completion of the agreement with PPC SA for the supply of electricity for the factory "Aluminium of Greece", of its Metallurgy Business Unit.

Through the Electricity and Gas sector - Protergia, Mytilineos signed an agreement with Copenhagen Infrastructural Partners (CIP), based in Denmark, on behalf of the investment scheme "CI New Markets Fund I" for joint cooperation (CIP 60% / MYTILINEOS 40%) for the development of offshore wind farms in marine areas of Greece.

With the main goal of reducing total direct and indirect CO2 emissions by at least 30% by 2030 in all its business activity, Mytilineos announced its cooperation with the technology company Selcoms-i, which is active in the field of Energy Management, offering solutions including in the field of alternative fuels (biofuels / sustainable fuel supplements).

The day after the pandemic and the dynamic rebound that will follow, but also the new productive model that the country needs which should combine innovation, production, services and skills, were mentioned by Evangelos Mytilineos in an interview with Kathimerini.

The fourth consecutive day of gains at the Athens bourse gave the the benchmark its biggest advance as it climbed close to the 800-point mark, in line with most other markets that were open on Monday. Turnover topped 50 million euros despite the fact that major markets such as those of the US, Hong Kong and China were closed due to holidays.

Despite the significant decline of the banks index, other stocks at Athinon Avenue welcomed back buyers on Wednesday, with trading volume remaining just above the 50-million-euro mark after the MSCI index restructuring produced no surprises for listed companies. A bank rebound could fuel a further rise over the rest of the week.

The prospect of a new Attica lockdown sent the Greek bourse tumbling on Tuesday, with severe losses for banks and the majority of other stocks also heading south, erasing the gains of previous days. All but two blue chips headed lower, but the decline is seen as temporary and not structural.

The Greek stock market's lowest trading volume of the last 13 sessions saw the benchmark suffer moderate losses on Thursday after three days of gains, as traders again appear reluctant to commit themselves to purchases until the picture regarding the coronavirus tempest clears.

The Greek bourse followed on Tuesday in the footsteps left by major foreign markets over the last couple of days, taking its benchmark just over the 760-point mark, though banks had less to do with that growth than other blue chips. Turnover saw a marked improvement too.

The Hellenic Republic Asset Development Fund SA (TAIPED) announced on Monday that six interested parties have submitted expressions of interest for the lease of a number of Larco General Mining & Metallurgical Company assets, namely its Larymna smelting plant, the Larymna and Loutsi mines and relevant mining rights, and other assets owned by the Greek state.