GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 993.23 posting marginal profits of 0.18%, in a turnover of €44.51mn.
The Prime Minister Mr. Antonis Samaras will travel to Brussels to meet today with the leading EU officials, including the EU President Mr. Manuel Barroso, the European Council chief Mr. Herman Van Rompuy and the European Parliament President Mr. Martin Schulz. According to press reports, Mr. Samaras will stress to the EU officials that the government cannot adopt any more austerity measures.
- Piraeus Bank: Moody’s said that Piraeus’s voluntary redundancy scheme under which it will shed about 12% of its staff is likely to help improve its credit rating. It estimates that the relevant cost savings will be significant at around €110mn per year and the one-off redundancy costs will be around €100-130mn and expensed upfront this year.
- Viohalco: The BoD decided to initiate the procedure for the cross-border merger by absorption of the company by a holding company, subsidiary of Viohalco, Viohalco S.A., based in Belgium. Within the framework of the above restructuring, the absorbing company Viohalco S.A., shall in turn absorb company Cofidin S.A., also a holding company based in Belgium, which holds 13.3% of the absorbed Greek company VIOHALCO-HELLENIC. The shares exchange ratio is set at one Viohalco S.A. share for one VIOHALCO –HELLENIC share. The new share will be traded on Euronext Brussels.
FTSE 25 September future:
- Support levels: 334-328-320. Resistance levels: 346-352-358.
- Support levels: 980- 955-930. Resistance levels: 1,017-1,030-1,050.
The information that EUROCORP (henceforth the “Company”) provides via the web page eurocorp.gr, can be used only for informative aims and not for commercial, investment or other purposes. They cannot be considered as offer, advice, or proposal for purchase or sale of securities issued by companies that are reported in the web page of the Company, or as prompt on the realisation of any form of investments. The Company is not by any chance accountable for commercial or investment decisions that will be taken based on this information.
The information emanates from sources that are available in public and are generally considered reliable. The Company overwhelm each possible effort for the verification of the validity of this information. Nevertheless, the Company is not committed as for the precision, plenitude and safety of information and consequently no responsibility arises for the company from the use of this information.
The use of web page eurocorp.gr is under the exclusive responsibility of each user, who accepts that the information and services, are provided “as such” and “depending on the availability”, without any guarantee of the Company, indicatively reported the guarantees of satisfactory quality or appropriateness for concrete aims.
You will need Adobe Reader to open the files. If you do not have it already, you may download it from Adobe’s website by clicking the icon on the right.