GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 970.93 posting profits of 2.11%, in a turnover of €82.27mn.
The head of the Athens-Attica Hotels Association said that Greece may draw a record number of more than 17mn tourists this year. Please note that the Greek Prime Minister Mr. Antonis Samaras said earlier that he expects record tourism receipts this year.
- Hellenic Petroleum: It has completed its roadshow, during which the company met with over 100 investors in Athens, Zurich, Geneva and London. Investors should expect a 4-year transaction denominated in EUR.
- OPAP: The privatization agency has given Greek-Czech fund Emma Delta more time to improve its bid for a controlling stake in OPAP until Wednesday, May 1. Please note that Emma Delta offered €622mn for 33% of OPAP and management rights at the company, but the privatization agency HRADF asked the fund to raise its offer to at least €650mn, the stake’s minimum value as estimated by an external assessor. Deutsche Bank and National Bank, Greece’s main sale advisers had put the stake’s value at €610mn.
FTSE 25 June future:
- Support levels: 332-326-318. Resistance levels: 345-350-356.
- Support levels: 950-930-910. Resistance levels: 975-990-1,050.
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