Mergers and acquisitions

Faced with a sharp decline in mergers and acquisitions, the government is providing more generous tax incentives to encourage them. It also wants to reward companies that invest heavily in research and development, as well as angel investors that put up their own assets to finance startups and other small businesses in exchange for equity.

The Ministry of National Economy and Finance is preparing significant tax relief measures aimed at spurring cooperation between larger companies and startups in research and technology products.

Metlen Energy & Metals announced the conclusion of the agreement to acquire all the shares of electricity producer, trader and supplier Volterra on July 25.

This year is shaping up to be a record one for acquisitions and mergers. This is shown by the transactions of more than 5 billion euros that have taken place or are being completed since the beginning of the year, not including the bond issues that the four largest banks proceeded with, drawing liquidity of several billion euros.

Business mergers and acquisitions are a catalyst for the Greek economy, leading actors on the business scene, government officials and representatives of the academic community told the Mergers & Acquisitions Summit held on Wednesday at the Athens Concert Hall, organized by Kathimerini's Money Review website.

The Mergers & Acquisitions Summit, themed "Trending Strategies and Technologies," is taking place on Wednesday at the Athens Concert Hall, organized by Kathimerini's Money Review website. To find out more, go to masummit.gr.

Turkish startup ecosystem displayed a decline in deal volume in the first quarter of 2024 compared to the same quarter of last year, following the downtrend in global startup activity, according to a report by KPMG.

There has been a lot of business activity recently in the food and beverage industry, as well as in organized food retail, with the conditions appearing to be ripe for the completion of corporate mergers and acquisitions.

The clock is ticking for Elpedison, with the company's shareholders (Helleniq Energy and Edison) seeking to close control negotiations by June at the latest so that any outcome can be ratified at the annual general meeting.

Public Power Corporation (PPC) on Wednesday announced the completion of the acquisition of the Kotsovolos chain of electrical and electronic goods from Currys Plc through which it will significantly accelerate its transformation into an integrated provider of products and services in the retail market.