Public Power Corporation

Public Power Corporation (PPC) Chairman and CEO George Stassis and the US assistant secretary of state for energy resources, Geoffrey Pyatt, were the keynote speakers at the 2024 Energy Security and Geopolitics Conference held in Washington by the Center for Strategic & International Studies (CSIS) on Tuesday.

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 Greek stock market rebounded on Monday, following last week's decline, with most stocks securing significant gains, led by banks.

As a result the benchmark regained the 1,400-point level, ending the day not far from the session's high. The report by the Bank of Greece, which undercut the government's growth estimate, did not seem to affect the mood of the market.

Greek banks Alpha, Eurobank and National have signed loan contracts with the energy groups RWE and Public Power Corporation for the construction of four photovoltaic projects with a total capacity of 730 MWp in Amyntaio. This is an investment of 451.4 million euros, with co-financing from the Recovery Fund.

Stocks went up, then down, and eventually - in the closing auctions - back up, during Thursday's session of the Greek bourse. Traders appeared reluctant to bring the benchmark closer to the 1,400-point level, as they obviously need a pretext for a solid recovery, following the recent decline.

Public Power Corporation (PPC) announced on Tuesday it has completed the acquisition of an 84-megawatt wind farm in Romania through its subsidiary PPC Renewables.

A short trading week of just three days has started at the Greek stock market with a moderate decline for the benchmark and the majority of stocks, though a number of blue chips responded to pressure and rebounded. Turnover also showed signs of significant recovery on Tuesday, after one more long weekend and ahead of another.

The March triple witching sent the bourse's turnover soaring to over 350 million euros on Friday, while the benchmark grabbed some more ground, all but offsetting the major losses it had suffered on Monday. That meant the week closed with small losses, for the first time after seven weeks of growth.

The index rebalancing, the constant rally of stocks in recent weeks, the decline of Piraeus Bank (the protagonist of the past week) and the reservations investors showed in foreign markets contributed to a day of major losses at the Greek stock market on Monday, which brought the benchmark below the 1,400-point mark on unusually high turnover.

The Hellenic Competition Commission approved the sale of electronics and appliance chain Kotsovolos to the Public Power Corporation (PPC), it said on Wednesday.

In a statement, the Commission said that it unanimously approved the 100% acquisition by PPC of Dixons South-East Europe (Dixons).