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Piraeus port privatisation moves a step closer
EconomyBankingThe deadline for the submission of binding bids for the acquisition of a 67 percent stake in Piraeus Port (OLP) expired on Monday, with the Hellenic Republic Asset Development Fund (HRADF) noting..., press reports indicate that only COSCO submitted a binding offer on Monday. COSCO, one of the largest
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Alpha, Eurobank sign agreement with KKR for management of NPLs
EconomyBankingIn a joint press release, Alpha and Eurobank announced on Tuesday that they have reached a binding agreement with KKR Credit for the management of credit and equity exposures to a number of selected.... However, the agreement remained on paper with Piraeus noting in April 2015 that the binding exclusivity
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New rules on sale of NPLs come into play after approval of omnibus bill
EconomyProgrammewith a binding timetable on a comprehensive mechanism of effective management of private debt. In addition..., which signed a binding agreement with KKR Credit for the management of 1.2 billion corporate NPLs
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First phase of process to find strategic investor for ADMIE completed
Economyof the process, which includes a due diligence and the submission of binding offers by the end... will announce by October the date for submission of binding offers for the sale of all PPC shares in ADMIE
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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBankingindicates that non-binding bids must be received by December 10, and binding bids by the end of February
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Breaking up is hard to do
AgoraCouncil, which officially endorsed the text of the Withdrawal Agreement. This legally binding international agreement together with the non-legally binding political declaration on the future UK-EU
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Fears and reassurances over PPC's dire finances
EconomyFeaturesproduced from this form of coal. The first round attracted no binding bids in February, possibly... impact of dirty energy is more apparent than ever. A second tender is underway and binding offers
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingin Greece. Also during June, Eurobank announced that it had entered into a binding agreement with PIMCO’s... make up the portfolio, with 40 percent of the properties located in Athens. Non-binding bids
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Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
EconomyBankingAlpha Bank announced on Wednesday that it had entered into a binding agreement for the disposal of a mixed pool of NPEs to Greek SMEs secured by real estate assets, code named Neptune. In a statement released by the bank, they said that they had received a binding offer from Poseidon Financial
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Athens prepares for Blinken visit, hopeful of Libya shifting position
PoliticsForeign Policyor are related to natural resources explorations.” However, it is not certain whether this ruling is binding... in a case that is being ruled by a Supreme Court.” Whether the ruling is binding or not, the Greek
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