Economy of Greece

Mytilineos to build large gas-fired power plant

Athens-listed group Mytilineos on Wednesday said that it is ready to start construction on a new natural gas-fired power plant at the company's Energy Center in Aghios Nikolaos in Viotia.

Mytilineos has completed all of the necessary licensing procedures for one of the largest gas-powered combined cycle electricity units in Europe.

Piraeus Bank considers Asian Pacific partner for shipping financing

Piraeus Bank is looking into a strategic partnership with a major Asian Pacific financial conglomerate that will help it provide financing to Greek shipping companies, Greece's largest lender by assets said on Friday.
Piraeus did not name the Asian partner, nor provide details of what form such a deal would take.

ATHEX: Stock market concerned over EU attitude

European slaps on Athens' wrist over handouts by the previous government that are seen endangering the budget's targets, inflicted extensive losses on Greek stocks on Tuesday, and came hand-in-hand with a rise in Greek bond yields. Sazka's public offering for OPAP shares it does not own did not help prices either.

Sazka Group launches full takeover bid for Greece's OPAP

Czech-based Sazka Group has launched a bid to take full control of Greece's OPAP, Europe's fourth-largest betting firm by revenue.
Greece sold a 33 percent stake in OPAP to Emma Delta, currently owned by Sazka Group and Georgios Melissanidis, in 2013 for about 650 million euros ($729.9 million) as part of a European Union-prescribed international bailout.