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Piraeus eyes major NPE deal as banks remain focused on bad loans
EconomyMacroeconomythe two contenders, submitted non-binding bids which are being evaluated by Piraeus Bank. The preferred... to be dealt with in tranches by the winning bidder, while at the same time manifesting positively
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Newsletter 189 -11/01/2018
consortium, allegedly the two contenders, submitted non-binding bids which are being evaluated... leave the bad loans to be dealt with in tranches by the winning bidder, while at the same time
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BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
EconomyBankingstrong interest. The portfolio contains around 2 billion euros-worth of housing loans. Non-binding... by the winning bidder, while at the same time manifesting positively on the bank’s bottom line. BoG plan
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Airport privatisation set for take-off as more sales head for runway
EconomyFeatureswould be considered before moving to the second stage, which involves the consideration of binding.... One strategy being considered is for the winning investor to negotiate directly with ELPE and buy
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Simple majority for new electoral law, which threatens future complications
PoliticsGreek Politicswould lead to the abolition of the 50-seat bonus for the winning party, will not be implemented until... any kind of bonus to the winning party is a recipe for political instability. Simulations of previous... that the lack of a bonus for the winning party would make it much more difficult and complicated
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HRADF's updated plan for 19 privatisation projects published
Economythe submission of binding offers is scheduled for the third quarter (Q3) of 2016. The next steps involve.... For the former, one expression of interest was submitted in mid-April and the submission of binding... been short-listed and the binding bids are also expected until the end of May. HRADF holds a 30
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Chinese State Grid makes highest bid of 320 mln for 24 pct stake in ADMIE
EconomyCorporation submitted the highest binding offer of 320 million euros for the acquisition of a 24 percent stake... to participate in the second phase of the tender process, which included the submission of binding offers. The deadline for the submission of binding bids, which was initially set on October 12, after
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Tsipras's choices are becoming clearer but not any easier
Agoraof Greece governor Yannis Stournaras said that a legally-binding commitment to implement further debt... into any binding discussion about debt relief. However, it is doubtful if Tsipras’s hard-pressed MPs will consider a non-binding verbal pledge from the lenders to adopt further debt relief enough
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PPC lignite unit bids fall flat in blow to privatisations
EconomyFeatures. PPC received one binding offer for the Melitis unit in Florina from Mytilineos which was reportedly... in a binding offer for either unit after deciding that the structure of the deal and the share... Terna consortium have indicated that they would submit a binding offer based on an alternative version
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Talks to begin on plan to rescue PPC from dire financial straits
Economybe “crazy enough” to buy it. The DG Comp team arrives as the deadline looms for binding offers... in February collapsed. During the initial process, PPC received one binding offer for the Melitis unit... of the two lignite units if no binding offers are received by the renewed deadline. The discussions
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