Financial markets

EU boost for local economy

Greece secured two vital sources of liquidity from the European Union on Thursday that will help it to rebound next year: the extension of the European Central Bank's extraordinary bond-buying program (PEPP) and the unblocking of the Next Generation EU fund following the agreement of the majority of EU states with Hungary and Poland.

Turkish grocer to sell 35% stake in Moroccan affiliate

Turkish discount grocer BİM has agreed on selling 35% shares of its Moroccan affiliate to the U.K.-based Blue Investment Holding, according to a statement sent to Turkey's Public Disclosure Platform (KAP) on Dec. 9. 

Blue Investment Holding is owned by Helios Investment Partners, a private equity fund manager focused on the Africa region.

Cash abundance for economy

The Greek credit sector has received a cheap liquidity boost this year of 40 billion euros from the European Central Bank that has flooded the market with cash aimed at supporting enterprises and households in the face of the pandemic.

Terna Energy to raise capital via private placement

Terna Energy has decided to boost its capital by €50.1 million through private placement.

The decision will officially be taken at a general assembly on September 1 at company headquarters. If approved, the company will issue 4,556,757 common shares of a nominal value of €0.30 each, which will be distributed via private placement at an expected price of at least €11.

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