Mytilineos Holdings

Mytilineos acquires Imerys Bauxites

Mytilineos Energy & Metals on Tuesday announced the signing of an agreement with the French company Imerys for the acquisition of 100% of the shares of Imerys Bauxites Greece Single Member Societe Anonyme for 10 million euros. The agreement concerns all bauxite mining activities in the Fokida area, which will now be part of Mytilineos' metallurgy branch.

Market gains as buyers like blue chips

The Athens Stock Exchange bucked the negative trend observed on European markets Thursday, gaining 0.65% thanks to buying in banks and other blue chips.

The headline index ended at 1,314.31 points on turnover of 87.8 million euros, which was significantly lower than in previous sessions. Blue chips rose 0.69%, mid-caps added 0.44% and banks gained 1.20%. 

Stock market loses grip on early gains

The Athens Stock Exchange proved unable to hang on to early gains recorded on Tuesday. The ASE general index, which got close to its highest levels since 2014, ended down 0.84%, closing at 1,324.28 points.

Negative trends in other European stockmarkets finally were felt in Athens.

Blue chips lost 0.91% and mid-caps dropped 1.35%. Banks lost 0.78%.

Mytilineos turnover grows 17% in January-June

Athens-listed Mytilineos on Thursday announced a 17% increase in its first half turnover to 2.516 billion euros, from €2.154 billion in the same period last year.

The company also said its EBITDA rose 9% to €438 million, its net profit after minorities jumped 61% to €268 million and earnings per share soared 59% to €1.94.

ATHEX: Blue chips drive stock index higher

Even without the support of bank stocks, the Athens bourse benchmark soared to yet another nine-year high on Wednesday, in line with the positive mood across eurozone markets. Four out of the 21 non-banking blue chips closed at historic highs, also helped by the Scope Ratings report about the growing prospect of Greece regaining investment grade.

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