Earnings before interest, taxes, and depreciation

Turkey's largest private pension fund Oyak has agreed to buy German alumina products maker Almatis from Dubai International Capital (DIC), the company said in a statement on July 14.

Terms of the transaction were not disclosed.

However, a person familiar with the deal said that DIC was able to achieve a price close to its expectations of around $1 billion.

By Ilias Bellos

Conditions are now in place for a strategic investor to participate in the business plan of Hellenic Seaways in the coming decade, thanks to the completion of the coastal shipping company?s loan restructuring agreement with creditor banks and its return to operating profits, company sources have told Kathimerini.

Kathimerini Publishing SA swung from losses to profits last year, the company announced on Monday, saying that it posted a net profit of 5.9 million euros in 2014 against a net loss of 15.5 million euros in 2013.

Greece's dominant power utility PPC on Thursday reported a 29.7 percent rise in third-quarter core profit, helped by lower provisions for past due electricity bills and softer energy costs.

Greece’s biggest oil refiner Hellenic Petroleum said on Monday its third-quarter core profit almost doubled year-on-year, helped by improved refining margins and production.

Adjusted earnings before interest, tax, depreciation and amortization (EBITDA), which strips out inventory losses, rose to 146 million euros from 74 million euros in the same period last year.