Ellaktor

Intrakat has announced the completion of its acquisition of Aktor SA (a member of the Ellaktor Group) for 100 million euros in cash, while another €114 million regarding Aktor's debt obligations to the Ellaktor Group will be paid gradually under Intrakat's guarantee within 19 months.

The final touches are being added by the heads of the Ellaktor and Intrakat groups to the acquisition agreement of Aktor by the latter.

New talks are taking place concerning the sale of Aktor, the Ellaktor Group's construction arm, following the failure of discussions with previous suitors, which may well lead to the creation of a major player in the domestic market.

The Ellaktor infrastructure group, one of the largest in Greece and southeast Europe, on Monday confirmed an ot.gr report and announced that exclusive negotiations are underway with a pair of local companies for the sale of its subsidiary, major construction contractor Aktor.

The companies identified are Wade Adams Hellas SMSA and Adamas Group Ltd.

Athens-listed construction group Ellaktor is very close to finalizing an agreement with one of the largest pan-European energy groups.

Energy stocks led the Greek stock market's benchmark to new eight-month highs on Tuesday. The Athens bourse confirmed the upward trajectory of the last couple of weeks with a session that saw better turnover and a wider variety of options for traders to implement purchases.

Just like in Tuesday's session, stocks started with gains at Athinon Avenue on Thursday but eventually had to settle for losses. Despite the positive start on Wall Street, the closing auctions at the same time in Athens took the main index lower, beyond -1%, on increased turnover.

It will take four years until work can begin on the radical facelift of the Alimos marina in southern Attica, as it is expected to take this long for all the necessary permits to be issued.

The contractor of the project is Nea Alimos Marina Development SA, a 100% subsidiary of Aktor Concessions, a member of the Ellaktor Group.

The Greek bourse benchmark climbed on Friday to highs unseen in almost nine months - i.e. throughout the time of the pandemic in Greece - boosted by aspirations for a strong recovery next year when the vaccines arrive. This was the fourth consecutive week of gains for the local market, which has recovered a large share of the losses incurred over the year.

Thursday's session on the Athens Stock Exchange was even more subdued than recent days, if that is possible.

In the end, the general index, which had been showing mild losses throughout, tipped over into positive territory, closing at 637.27 points, a gain of 0.36%. Late gains in OTE Telecom were the main reason.

Turnover was €23.61 million on volume of 16,373,894 shares.