Despite Wednesday's early gains at Athinon Avenue, in line with most eurozone bourses, the session ended with a relatively small increase on particularly low daily turnover, which points to the market's reservations about the economy's emergence from the coronavirus crisis, especially as far as the creation of new nonperforming loans for Greek lenders is concerned.
Dutch investment fund Reggeborgh Invest has raised its stake in listed construction and energy group GEK Terna to over 32 percent, becoming a de facto strategic investor and a significant guarantor of the future course of the company.
A year ago it had agreed to buy out the 15.3 percent stake that York Capital Management controlled then at GEK Terna.
Greece has received nine non-binding bids for the sale of a 65 percent stake in its dominant gas supplier DEPA Commercial, its privatisation agency said on Monday.
Investors who have expressed an interest in the stake include Shell Gas, Vitol Holding, Power Globe, MET Holding and C.G. Gas Limited of Greece's Copelouzos group, the agency said in a statement.
The double whammy of mounting worries over the coronavirus epidemic and the standoff between Saudi Arabia and Russia on oil output and prices wreaked havoc on global markets, with Athinon Avenue taking a serious beating on Monday in the biggest daily declined suffered in almost four years. All of the impressive gains recorded in 2019 have been wiped out in the last few session, as the benchmark