GEK Terna

ATHEX: Two-month high for main index

Stock prices at Athinon Avenue went from losses to gains over the course of Monday's session as the few active investors continue to believe the local bourse is underpriced after the successful bond issue a week ago. This helped the benchmark climb to a two-month high, even though that was on particularly low turnover.

Tender for PPC units ends in utter failure

The Public Power Corporation tender for the concession of the lignite plants at Meliti and Megalopoli has ended in failure, as was expected.

The PPC board rejected Mytilineos SA's bid for the Meliti plants on Friday, as well as the below-par offer by the Sev.en Energy-GEK Terna consortium for the entire portfolio that PPC is selling.