Mergers and acquisitions
Quick stock profits of 30%
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.
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Gov’t to introduce new bills about innovation, mergers
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 nears Helector buy
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.
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Viva to launch new service in 24 countries
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.
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Small firms refuse to grow larger
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.
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Investments in Turkish startup rise in second quarter: Report
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.
Takeover boosts ANEK shareholders
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.
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Takeover of troubled ANEK by Attica Group is approved
The Competition Commission has unanimously approved the takeover of troubled ferry company ANEK Lines by Attica Group.
Attica Group will take on some €80 million in ANEK debt and will give the Cretan company's shareholders shares equal to an 11.5% stake in the group. After deliberating for 10 months, the commission decided that ANEK is a failing company.
Domestic appliances market shift
A hot summer and perhaps an even hotter fall is expected in the market of electrical and electronic devices after the decision of the British group Currys to put Kotsovolos, its subsidiary in Greece and Cyprus, up for sale.
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Watchdog plans to discuss ANEK-Attica merger next week
The Competition Commission is to convene on Wednesday, July 12, to discuss the absorption of ANEK Lines by Attica Group. Its recommendation, which is not binding, is to give an initial green light for the merger.