GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 974.09 posting losses of 0.81%, in a turnover of €197.73mn.
- OPAP: The state asset sales fund accepted the revised offer from Emma Delta to buy 33% stake in OPAP for €652mn. As part of the deal, Greece will also receive €60mn in a dividend for 2012. Please note that the state asset fund on April 22 asked Emma Delta to submit a higher offer after its initial bid of €622mn was deemed too low.
- Eurobank: The bank plans to buy back up to €580mn of notes it had issued in exchange for new common shares as part of moves to boost its capital base. In other news, the chief financial officer Ms. Paula Hadjisotiriou said that the bank will issue new shares under its recapitalization plan at a price of €1.541 after being adjusted for a 10-for-1 reverse split.
FTSE 25 June future:
- Support levels: 320-314-308. Resistance levels: 333-338-344.
- Support levels: 950-930-910. Resistance levels: 990-1,020-1,050.
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