Terna

The path is now clear for the new concession contract for Attiki Odos, following approval from the Court of Audit. The High Court’s approval was granted swiftly, aligning with the goal of the Hellenic Republic Asset Development Fund (HRADF) to financially close the concession contract, likely by the end of the year. Note that the related request was submitted on July 5.

The shareholders of Attiki Odos (Ellaktor 65.7% and Avax 34.2%) collected dividends totaling 516 million euros in the period from 2019 to the year 2023.

Tuesday's mixed session on the bourse showed a lack of clear direction in the market, with banks heading lower, mid-caps closing higher and the benchmark as well as the blue chip index ending up practically unchanged. That sufficed to make it five days in a row for the benchmark's growth, a performance not seen in three months at Athinon Avenue.

The Ministry of Infrastructure and Transportation will give priority to projects in Attica that will relieve the city from the traffic problem that is now causing suffocating conditions in transport, with the

Corporate dividends, French election concerns and the upcoming ending of the year's first half led to a variety of trends among Greek stocks on Tuesday, after the long weekend. The course of prices was more affected by every individual stock and not by a general or sector-specific trend. The session also marked the debut of Athens International Airport in the blue chip index.

Terna Energy is officially transferred to Abu Dhabi's Masdar Group in a deal that values ​​the Greek listed company at 2.4 billion euros.

The new natural gas power plant being developed by a joint company of Motor Oil and GEK Terna is expected to be put into trial operation in the summer, while its commercial operation is expected by early fall, Motor Oil sources said in the context of the general meeting of shareholders. The new unit has a capacity of 877 megawatts and a cost of 375 million euros.

The government announcement of the 33% levy on the excessive earnings of refineries had a direct effect on the share prices of both Motor Oil and Helleniq Energy, impacting the rest of the market too. However, GEK Terna and its subsidiary Terna Energy benefited on the latter's sale to Masdar, on a day of significantly increased turnover at Athinon Avenue.

Masdar Hellas has reached an agreement to initially purchase 67% of Terna Energy with GEK Terna and other shareholders of the Athens-listed energy company, GEK Terna announced on Thursday.

Thursday offered investors another bank-centered decline for stocks, which came with a drop in turnover too. The benchmark at Athinon Avenue took significant losses and even closed at the day's low, pointing to a trend for a further drop on Friday morning at least. Observers say the market is waiting for the sale of blue chip Terna Energy to unleash some liquidity.