Financial Morning News 27/03/2013


The General Index in Athens Stock Exchange (ASE) closed at 884.94 posting heavy losses of 4.90%, in a turnover of €79.25mn.

Corporate Impacts

  • Piraeus Bank: The bank agreed to acquire the Greek branch network and operations of three Cypriot lenders (BOC, Cyprus Popular Bank and Hellenic Bank, including loans and deposits of their Greek subsidiaries) for a total cash consideration of €524mn, as part of a bailout. The branches of the three Cypriot banks in Greece will open today. Following the completion of the transaction, Piraeus Bank will have consolidated total assets of €95bn, 1,660 branches and 24k employees.
  • Greek Banks:The Emergency liquidity assistance (ELA) ELA funding fell to €21.16bn at end-February from €31.42bn the previous month. Furthermore, the ECB funding to Greek banks also dropped slightly over the same period, to €75.23bn from €76.22bn (BoG).
  • Aegean Airlines:EU antitrust regulators said that the company offered concessions to try to win approval for its second bid for rival Olympic Air, extending their review of the takeover deal to April 23.
  • OPAP:The company postponed a shareholder meeting to discuss the renewal of a key IT services contract with Intralot to give Greece’s privatization agency TAIPED more time to study the agenda.
  • Cypriot Banks: An EU spokeswoman said that Cyprus’s bailout deal was “unique” but the EU may yet recommend that large depositors share the pain in future bank rescues. In other news, BoC rejected the resignation of chairman Mr. Andreas Artemis.
  • Technical

    FTSE 25 June future:

      Support levels: 274-268-262. Resistance levels: 286-294-300.

    General Index:

      Support levels: 870-850-830. Resistance levels: 910-930-950.


    The information that EUROCORP (henceforth the “Company”) provides via the web page, 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 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.

    Get Adobe ReaderYou 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.

Error Page

GlobalSoft Perquote Server

    Error 404:   

    The page requested not found!