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Tag Archives: sale

UK’s Currys to sell its Greek retail arm Kotsovolos

UK’s electrical retailer Currys could offer up its Greek electronics retail arm Kotsovolos to potential buyers, with the FTSE 250 firm announcing a strategic review of the businesses. Kotsovolos is one of the leading electrical and electronics retailers in Greece, it has a network of over 90 stores including an …

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US Congressmen open way to sale of F-35 to Greece

The last of four signatures by leading US Congressmen in foreign relations committees at the Senate and House of Representatives opened the way on Thursday towards the proposed sale of advanced F-35 fighter jets to Greece. According to procedure, the US State Department approached the relevant foreign relations committees to …

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US opens way for the sale of F-35 fighter jets to Greece

The green light for the sale of F-35 fighter jets to Greece has been given by the chairman of the US Senate Foreign Relations Committee, Robert Menendez, as he announced at the Delphi Economic Forum in Washington. The committee’s Republican vice chairman, Jim Reese, as well as the chairman and …

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Greece to ban sale of spyware amid wiretapping scandal

Greece will soon ban the sale of spyware, the government said on Monday, after a newspaper report that more than 30 people, including ministers and business people, had been under state surveillance via phone malware. A list of persons whose phones were allegedly infected with the Predator malware was published …

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U.S. House backs measure that would restrict sale of F-16s to Turkey

The U.S. House of Representatives on Thursday approved legislation that would create a new hurdle for President Joe Biden’s plan to sell F-16 fighter jets to Turkey. The House approved the measure, offered by Democratic Representatives Frank Pallone and Chris Pappas, as an amendment to the annual National Defense Authorization …

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Villa of War of Independence hero Miaoulis for sale for €4.5million

A legendary villa with historical significance is for sale by Sotheby’s real estate. Constructed in 1808 by Venetian architects it was the residence of famous Admiral Andreas Miaoulis,one of the most important men of the War of Independence against the Ottoman Empire. Loaded with history, architecture and decoration that combines …

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Savvidis sells SEKAP and Donskoy Tabak to Japan Tobacco for $1.6 billion

SEKAP, the Greek Cooperative Tobacco Industry that was owned by Donskoy Tabak since 2013, will pass to Japanese ownership as part of a larger package deal worth around 1.6 billion dollars that was signed on Friday. Japan Tobacco Inc. (JT) announced that the Group’s purchase of Russian-based Donskoy Tabac, part …

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Court opens way for restructuring and sale of Skaramangas shipyards

A decision by an Athens first-instance court that approved the appointment of a special administrator for the Skaramangas shipyards paved the way for the restructuring of the company, economy ministry officials said on Thursday. The officials said that the ministry, and Deputy Economy Minister Stergios Pitsiorlas in particular, won a …

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Greece opened tender for 5% sale of telecom giant OTE

The Hellenic Privatization Fund (HRADF) announced an international tender for the sale of 24.5 million ordinary shares by telecom giant OTE, which represent 5% of the company’s capital. Athens expects bids from interested investors by March 15, 2018, it is clear from a news release on the Fund’s website. The …

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Fifteen investors interested in acquiring PPC lignite-fired power plants

The market test for the sale of the Public Power Corporation’s (PPC) lignite fired power plants has been completed “with absolute success,” the environment and energy ministry announced on Sunday. Fifteen investors expressed interest in acquiring at least one of the plants up for sale (in Florina and Megalopolis), the …

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Eurobank to sell €1.5bln bad loans to Swedish hedge fund Intrum

Eurobank , Greece’s third largest lender, said  it will sell a 1.5 billion euro pool of non-performing loans to Sweden’s Intrum, as part of efforts to reduce its load of sour debt and meet targets agreed with regulators. Greek banks are burdened by soured loans clogging up their balance sheets …

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Greece announces “Return to Bond Markets”, aims to raise €4.03billion

The much anticipated return to the bond markets is on. Greece’s government is returning to the financial markets for the first time since 2014. The bond sale started at 1 p.m. Monday noon July 24th. 2017. The government aims to raise some 4.03 billion euros from the auction, while the …

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Lenders press Greece to sell 40% of PPC lignite units and energy producing plants

Greek Interior Minister – an Energy minister in first SYRIZA government – Panos Skourletis accused on Monday international lenders of reneging on a 2015 bailout deal by trying to force a fire-sale of its main electricity utility Public Power Corporation (PPC/DEH) to serve “domestic and foreign business interests.” Later, a …

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PPC rolling strikes: Power cuts schedule announced; islands exempted, for far

Power cuts are expected it various areas of Greece and at various times as unionists of Public Power Company (DEH) launched their strike and switched off  13 electricity producing units. According to DEH and DEDHE (Power Distribution System) there will be power cuts of “maximum one hour” during  daytime in …

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Gov’t threatens PPC-unionists with ‘mobilization’ should they cause “black out”

Greek government is determined to prohibit black outs as the unionist of Greek Public Power Company  threaten to turn off the electricity, if the government proceeds with the sale of 30% of PPC to private investors. The unionists claim that the sale of so-called “little DEH” will alternate the ‘public …

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