GEK Terna

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.

ATHEX gains, but trade is very thin

he Athens Stock Exchange finally aligned itself with the positive turn on the European markets Tuesday, as it rebounded from Monday's significant losses to close 1.47% higher.

This rebound was achieved on very low turnover, which dropped below €30 million, a clear indication of investors' reluctance to see an upside.

ATHEX: Bourse grows 4.5% in one day

World markets were upbeat on Tuesday, following the announcement of bolstering measures by the central banks of the US and Japan, while expectations for an economic rebound starting in the second half of the year added to global stocks' upward swing. In Greece, Athinon Avenue enjoyed a day of significant gains that rose over the course of the day across the board.

ATHEX: Third day of stock losses

The Fed's {decision on Wednesday to hold the key US interest rates unchanged inflicted losses on most European stock markets on Thursday; the Greek bourse followed suit, with its benchmark heading south for the third day in a row, on the lowest daily turnover in 11 sessions.

GEK Terna to proceed with borrowing up to 500 mln euros

Listed group GEK Terna aims to complete the issue process for a seven-year bond up to 500 million euros by early July.
The revival of the economy has allowed for the reactivation of these plans that are considered essential for the implementation of the investment program for the coming years, concerning renewable energy sources and the construction of the new Iraklio airport.

ATHEX: Bourse index climbs to new 3-month high

Bank stocks were back in the driving seat at Athinon Avenue on Wednesday, taking the Greek bourse benchmark to a new three-month high - i.e. its highest since the coronavirus epidemic began in Greece. The 700-point milestone seems to be growing closer, while investors appear to have plenty of disposable cash.

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