Terna Energy

The rise recorded by Greek bank stocks on Wednesday was largely offset by the decline of most non-bank blue chips, leaving the benchmark of the Athens bourse virtually unchanged and the stock board split between winners and losers. However, market observers were quite encouraged by the improvement in trading volume.

The statements by European Central Bank Governor Mario Draghi gave Greek stocks a fresh boost on Tuesday, taking the benchmark to yet another 13-month high after the bank holiday - and on improved trading volume too.

Buyers got back to strengthening their positions on the Greek bourse on Wednesday, taking the majority of stocks close to the day's highs at the close after a rather wobbly start due to the release of the European Commission's third assessment report. Even so, the session's turnover was less than half that recorded on Tuesday.

Terna Energy SA, a Greece-based company engaged in the renewable energy sector, has signed a deal to acquire a 200-MW wind farm in Texas, US.
The total value of the investment is around 275 million euros, the company said.
Terna, which already operates wind farms in Elmore County, Idaho and Scurry County, Texas, has plans for another project in Texas.

The Greek bourse wrapped up another week of gains on Friday, with the benchmark at a nine-month high. Still, trading volume eased and the positive momentum appears to have slowed.

The Athens Exchange (ATHEX) general index ended at 765.67 points, adding 0.20 percent to Thursday's 764.13 points. It rose for a third consecutive week, by 1.49 percent.

Dutch investment fund Reggeborgh Invest is evolving into a strategic investor in GEK Terna, as it was announced on Thursday that it will acquire - in two stages - York Capital Management's entire holding in the Greek construction group, which amounts to 17.3 percent.

Another mixed day at the Greek bourse on Thursday saw the majority of stocks head south while most main indexes ended up with gains in a session of increased trading volume thanks to several prearranged transactions.

The bond issue clearly stole the limelight away from the local bourse on Tuesday, with investors focusing on the course of the 10-year note instead of buying Greek stocks, and sellers sending the benchmark back below 700 points.

Energy stocks led the way and banks recovered in time to help the benchmark revert to gains in Wednesday's session at Athinon Avenue and end near the day's high, albeit on the lowest daily turnover this week.

Greek stocks presented a mixed picture after Wednesday's session, as a slight majority of stocks as well as the mid-cap and small-cap indexes headed lower, but the benchmark and blue chips continued to rise.