Public Power Corporation
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China extends penetration of Greek market
Chinese enterprises are showing an increased interest in Greece, as not only does the country offer them an entry gate to the eurozone and the rest of Europe, but it's also a relatively new market for them.
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ATHEX: Lowest trading volume in three months
It seemed the minds of most investors were elsewhere on Thursday judging by the performance of Greek stocks, which drifted slightly higher while turnover was the lowest in the last 12 weeks.
The Athens Exchange (ATHEX) general index closed at 636.67 points, adding 0.15 percent to Wednesday's 635.74 points.
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PPC results shoot down erroneous report
Public Power Corporation announced on Wednesday that the 15 percent discount introduced in July for customers who pay their bills consistently has only had an impact of 83 million euros in the company's third-quarter results, refuting a media report that the impact had cost PPC as much as 500 million euros.
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PPC sees profit jump as provisions fall
Greece's leading power utility Public Power Corporation (PPC) reported a sharp rise in nine-month net profit on Wednesday due to a sharp drop in provisions to cover the cost of bills left unpaid by customers hit by years of economic crisis.
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ADMIE stake passes into Chinese hands
China's State Grid Corporation (SGCC), the world's biggest utility, on Friday signed the purchase of a minority stake in Greece's power grid operator ADMIE, China's second big investment in the debt-laden country in a matter of months.
ADMIE was fully owned by Greece's state-owned power utility Public Power Corporation (PPC).
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ATHEX: Stocks slide on ESM news
The decision by the European Stability Mechanism (ESM) to freeze short-term measures to ease Greece's debt also froze buying interest in the local market, leading to losses for the majority of stocks on Wednesday, which may well continue into Thursday's session.
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ATHEX: Main index goes up 0.05 percent
The Greek bourse began the week with mixed results at the end of the session as investors await the resumption of the bailout review. Stocks were split between winners and losers, but the benchmark was up at the close, having recovered all the day's losses in the closing auctions.
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ATHEX: Index grows 4.2 pct over the week
The drop that most Greek stocks posted on Friday after four days of growth took the main index back to where it was at Wednesday's close, though both the benchmark and the banks indices chalked up significant gains over the week, rising 4.26 percent and 9.84 percent respectively.
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ATHEX: Benchmark posts rise after mixed session
The variety of ways in which the Eurogroup decisions on Monday were assessed led to a variety of trends among investors during Tuesday's bourse session at Athinon Avenue. Eventually the buyers outweighed the sellers, but only at the closing auctions.
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ATHEX: Bourse index posts gains
Hopes that an agreement to ease Greece's debt can be reached in the next few weeks led to the Greek bourse chalking up respectable gains at the end of Monday's session, with the banks index advancing by 2.99 percent.
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