Enterprise value

PPC completes Kotsovolos takeover

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.

Greek airport IPO’s slow takeoff looks attractive

Greece is taking a prudent approach on its most emblematic courting of the equities market since its 2009 debt crisis.

Athens International Airport (AIA), 55%-controlled by the Greek state, has won approval to offer 30% of its stock at between 7 euros and 8.2 euros a share, implying a market capitalisation of between 2.1 billion euros and 2.4 billion euros.