Terna Group
ATHEX: Index drops 3 points on global worries
Imported concerns about the US-Chinese trade negotiations weighed on the Greek stock market on Wednesday, on the back of the release of Alpha Bank's third-quarter results on Tuesday and ahead of Thursday's results by National and Eurobank.
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Terna Energy Finance to launch green bond tender offer Oct. 16
Terna Energy Finance, the financing arm of Terna Energy, will launch a tender on Oct. 16 for a green bond loan of up to 150 million euros, it said on Monday.
The offer for the seven-year bond will end on Oct. 18, it said.
A source at Terna Energy said that about 90 million euros from the bond will be used to build a wind park in Greece and to buy one in the United States.
Greece’s first green bond is out next week
Terna Energy's new corporate bond will amount to 150 million euros, will have a maturity period of seven years and its book will open from Wednesday to Friday next week, according to the bulletin the company issued on Friday.
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ATHEX: Benchmark falls for fourth day in a row
The main index of the Greek stock market continued to slide for a fourth consecutive day on Thursday, though not as dramatically as Wednesday's 3 percent drop. The morning's brief reaction to three days of losses gave way to another selling spree later in the day, leading the benchmark close to the 820-point mark.
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ATHEX: Small rise for stock benchmark as low turnover points to drop in interest
Investors appeared uninspired in what was a fairly quiet session at the Greek stock market on Thursday, with the few traders that could be bothered making select purchases. This took turnover back below the 50-million-euro mark while the benchmark kept to a very narrow range.
ATHEX: Stock losses moderated by last trades
The benchmark at Athinon Avenue again shied away from the 900-point level on Wednesday, only this time the pressure came from abroad, namely the increasing political uncertainty in Washington and London. Losses were significantly contained in the closing auctions, while Public Power Corporation made an outstanding comeback.
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PPC's first-quarter net loss widens on CO2 costs
Greece's biggest electricity utility Public Power Corp. (PPC) posted a wider loss on Friday for the first quarter, as higher costs for carbon emission rights and the sale of power to alternative producers at below-cost prices were hurting profit.
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ATHEX: Benchmark rebounds by almost 1 pct
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.
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Rise in sales, drop in profits for blue chips in 2018
The 25 companies that make up the FTSE 25 large-cap index at Athinon Avenue recorded an increase in sales last year - mainly thanks to a robust second half - and a decline in their operating and net profits because of one-off negative results for several blue chip companies, according to data Beta Securities has prepared for Kathimerini.
Terna Energy acquires Texas wind farm
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.
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