MacroPolis

Greece’s M&A market stagnates during recession

By: Omaira Gill

Mergers and acquisitions (M&As) are an important element to corporate growth but one that Greece appears to be lacking.

HELEX H1 2016 results show continuing drop in profits

Hellenic Exchanges-Athens Stock Exchange Group released its H1 2016 results on Monday showing that the net profits of the group came to 3.2 million euros compared to 5.4 million euros in H1 2016, a decline of 41 percent, continuing the group’s trend for falling profits.

Marinopoulos travails point to wider difficulties for supermarket sector

By: Omaira Gill

It’s been a dramatic days for the Marinopoulos, Greece’s biggest supermarket chain. The company filed for protection from its creditors last Tuesday amid 1.3 billion euros of debt, an unprecedented amount for a Greek company. A court granted it temporary respite on Friday.

Piraeus port law amended, resolving dispute with COSCO over privatisation deal

Greece has resolved its momentary dispute with Chinese giant COSCO over the legislation linked to the privatisation of the Piraeus Port Authority (OLP).

Access to finance remains far bigger problem for Greek SMEs compared to euro area peers

The latest ECB semi-annual survey on the access to finance of enterprises for the six months ending in March 2016 showed that Greek SMEs continue facing the most notable obstacles in financing among their eurozone peers.

ATHEX net profits down 54 percent in Q1 2016

The Hellenic Exchanges-Athens Stock Exchange (ATHEX) released its financial results for Q1 2016 after close of business on Monday, showing that the consolidated net after tax profits of the group came to 1.9 million euros compared to 4.1 million euros in Q1 2015, a reduction of 54 percent.

Piraeus Port Authority announces profit increase for 2015

The Piraeus Port Authority (PPA) has released its annual financial statement for 2015, showing post-tax profits of 23.8 percent.

Greece’s dramatic year reflected in ATHEX 2015 results

The Board of Directors of Hellenic Exchanges-Athens Stock Exchange (ATHEX) released its annual financial results for 2015 on March 21, 2016, showing that the consolidated net after tax profits of group amounted to 9 million euros compared to21 million in 2014, a reduction of 57 percent.

Cosco's 369 mln Piraeus Port improved bid accepted, seals latest privatisation

Hellenic Republic Asset Development Fund said on Wednesday afternoon it accepted COSCO’s improved financial offer for the sale of 67 percent stake in Piraeus Port Authority (OLP).

Piraeus port privatisation moves a step closer

The 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 that announcements will be made on January 12 after the opening of financial offers.