The most prominent privatizations in Greece over the coming period involve a further listing of HelleniQ Energy (formerly Hellenic Petroleum) shares on the Athens Stock Exchange (ATHEX) and the long-awaited floating of an Athens International Airport stake on the same bourse’s “big board”.
Both high-profile initiatives are part of the Greek privatization agency’s (HRADF) previously announced plan to better exploit Greek state assets in its portfolio.
According to reports, the latest tranche of HelleniQ shares will be listed on ATHEX by the end of the year, thereby increasing the already traded petrochemical concern’s free float percentage. The refinery group’s biggest shareholders today are Paneuropean Oil & Industrial Holdings (controlled by the Latsis group), with a 47.12-percent stake The Hellenic Republic Asset Development Fund, as the privatization agency is officially called, retains 35.48 percent of the shares. Roughly 8 percent of HelleniQ shares are traded on ATHEX.
The stated intent is to lure institutional investors into purchasing major blocs of HelleniQ stock, with the two major shareholders reportedly eyeing the floating of an addition 12 percent (of the total) The ratio for selling-off shares is 6 to 4, between the first and second major shareholders.
The other major prospect is the flotation of Athens International Airport (AIA) shares on ATHEX, representing 20 percent of total shares. AIA is the company that owns the share capital of the Eleftherios Venizelos Airport of Athens.
According to reports, an information bulletin is in the process of being composed, one based on the nine-month results of 2023.
Forecasts point to a value of 800 to 850 million euros for 20 percent of AIA’s shares.
Finally, HRADF is continuing preparations for the privatization of port authority organizations in its portfolio, with a 67-percent stake of the port of Lavrio – southeast of the greater Athens-Piraeus area – on the tender block
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Intrum’s 2024 Report Unveils Greek Businesses Embrace Digitalization for Growth
Looking ahead, over 40% of businesses prioritize development for 2024, with 65% recognizing the potential of digital business models as sustainable investments
IOBE: Mild Drop in April Business Confidence Index (BCI) in Greece
The positive balance of expectations for employment witnessed a marginal decline, while the index for production forecasts also recorded a mild drop
Greek PM Mitsotakis Calls on EU to Intervene Over Multinationals’ Pricing Policy
Speaking about price fairness, the Prime Minister emphasized, "Europe should also mean similar or uniform prices for the products sold by our multinational corporations.
Greenhouse Gas Emissions: 4% Decrease in EU, 0.3% Rise in Greece in Q4 2023
The EU's GDP remained stable with a marginal 0.2% increase in fourth quarter of 2023
HEREMA CEO: High Expectations from Natgas Exploration Off Crete
3D seismic surveys were conducted in the two offshore blocks west and southwest of Crete by a consortium comprised of ExxonMobil and HelleniQ Energy
EC Spring Forecast: Greek GDP at 2.2 in 2024, 2.3% in 2025
Besides Greek GDP inflation is expected to drop by a substantial 2.4% in 2024, settling at 2.8% from 4.2% in 2023 with 2025 recording a further decline to 2.1%
EBRD Raises Outlook for Greek GDP to 2.3% in 2024, 2.6% in 2025
Key downside risks remain, associated with possible delays in deploying Recovery and Resilience Facility (RRF) funds and weaknesses in key export markets and tourism source countries
Real Estate Insights: Athens’ Top Areas with the Highest Yields
In the first quarter of 2024, Korydallos in the Piraeus region and the burgeoning Attiki Square retain their top spots with impressive yields of 6.3%
ELSTAT: Inflation at 3.1% in April
Olive oil (63.7%), fruit (11.6%), fish (10.6%), and mineral water (12.5%) registered the highest increases annually
Greek Sunlight CEO Joins Industry Titans at Choose France Summit
At the heart of the "Choose France Summit" was the discussion surrounding the production of lead-acid and lithium-ion batteries, crucial for the green transition and storage of renewable energy.
