GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 1,186.99 posting losses of 1.72%, in a turnover of €204.12mn.
Greece raised €1.625bn in yesterday’s sale of 13-week T-bills with a yield of 2.45% vs. 3.1% in the previous auction. The bid to cover ratio was 2.73 times from 2.38 times previously.
- PPC: The EdF’s CEO Mr. Henri Proglio met with the Prime Minister Mr. Antonis Samaras on Monday and told him about the French company’s intention to buy PPC. Note that EdF is present in the Greek electricity market through the JV of Edison with Hellenic Petroleum.
- Eurobank: Fairfax, Capital Research and Management, Wilbur Ross, Fidelity, Mackenzie and Brookfield are the strategic investors comprising the consortium that will cover €1.331bn or 46.5% of €2.86bn share capital increase. The book will open at the end of April, once the necessary regulator approvals are secured, and the bank’s administration is aiming to have the process completed by April 30.
- Piraeus Bank: The new 1,029,411,764 shares that resulted from the recent €1.75bn share capital increase will start trading today.
FTSE 25 April future:
- Support levels: 378-374-368. Resistance levels: 388-395-405.
- Support levels: 1,180-1,170-1,150. Resistance levels: 1,220-1,250-1,280.
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.