GEK Terna

Slide accelerates again for Greek stocks and bonds

 Bourse benchmark has lost 20 percent in the last three days

Greek securities sank afresh on Thursday as panic selling in stocks and bonds led the bourse benchmark’s total losses over the last three sessions to 20 percent, with 13 billion euros wiped off the value of Greek shares, while 10-year sovereign bond yields soared over 9 percent.

York Global increases stake in Terna Energy by 4.70 percent

York Global Finance Offshore BDH (Luxembourg) S.a.r.I. announced the acquisition of another 5,133,174 shares in blue chip Terna Energy on Thursday in a non-bourse transaction amounting to a 4.70 percent stake in the Athens-listed company.

The share purchase has seen York Global’s stake in the Greek energy firm climb to 7.70 percent,corresponding to 8,412,606 shares.

Stocks inch up in slow trade

The local stock market saw little reason to buy into Friday’s news of the country’s official return to growth, with the weak momentum abating but taking the benchmark just over 890 points while trading volume ended at the lowest level of the last seven sessions.

Azeri firm expects to close DESFA deal in 2015

Azeri state energy company SOCAR said it expected to close a deal to purchase Greek natural gas grid operator DESFA in early 2015, anticipating that it will clear an investigation by the European Commission.

SOCAR was the only bidder in a tender for DESFA last year, offering 400 million euros ($501 million) for a 66 percent stake.