Mergers and acquisitions

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.

The placements of Greek listed companies have proven a goldmine for investors, who enjoy profits of over 30% in a very short period of time.

Three new bills, in addition to the new fiscal framework, are being prepared for submission to Parliament within 2024, National Economy and Finance Minister Kostis Hatzidakis revealed on Tuesday, while speaking at the Real Investment Summit 2024.

Motor Oil is close to the signing of a memorandum of cooperation that will provide for the acquisition of Ellaktor's subsidiary, Helector.

Negotiations between the two listed groups are at an advanced stage and the last steps to complete the agreement are expected to take place, barring unforeseen circumstances, in the near future.

In the first quarter of 2024, Viva's local bank payment schemes and systems are expected to be activated in most of the 24 European countries in which the Greek online payment company has launched its deployment.

Not a single investment project in the context of business mergers and acquisitions has been submitted to the Recovery and Resilience Fund (RRF) to date for financing, despite the fact that Greece is a champion in absorbing the resources of the RRF's loan arm.

In line with the global startup activity, the Turkish startup ecosystem witnessed growth in both deal volume and deal count in the second quarter compared to the January-March period, according to a report by KPMG.

There were a total of 77 deals in the second quarter of 2023, and the total deal volume was $150 million, including startup acquisitions.

Shareholders of troubled passenger shipping company ANEK have benefited greatly over the past year from the plans by Attica, Greece's largest passenger shipper, to take over the company.