- Reuters•8 months ago
Greece and its international lenders have struck a deal on the latest set of reforms needed for Athens to receive 1 billion euros in further bailout aid, Finance Minister Euclid Tsakalotos said on Friday. The reforms relate to a new privatisation fund, a shake-up of the power sector, and how to open up the market for non-performing loans. The two sides reached agreement on the structure of the new privatisation fund whose revenues will be used to boost investment and pay down the national debt, as demanded by Germany and other creditors.
- Reuters•9 months ago
Greece and its lenders start talks on Monday on how to split off its electricity grid operator from dominant power utility PPC and make other reforms needed for Athens to receive fresh aid under its international bailout. Prime Minister Alexis Tsipras' leftist government halted the sale of a 66 percent stake in grid operator ADMIE after winning elections in January. Greece wants ADMIE to remain in state hands and has proposed acquiring a 51 percent stake in the firm owned by state-controlled power utility PPC, instead of selling it to a private investor.
- Reuters•11 months ago
Greece wants to make its power grid operator ADMIE independent instead of privatising it, its energy minister said on Monday ahead of an expected bailout review by the country's international lenders next month. Under its latest EU/IMF bailout, Athens has agreed to start the privatisation of ADMIE in October or find alternative ways to open up its electricity market. ADMIE is owned by dominant power utility PPC.
Public Power Corporation S.A. (PPC.AT)
Athens - Athens Delayed Price. Currency in EUR
|Bid||0.00 x 361700|
|Ask||2.67 x 310000|
|Day's Range||2.64 - 2.69|
|52wk Range||2.29 - 5.55|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||-8.53|
|Avg Vol (3m)||485,920|
|Dividend & Yield||N/A (N/A)|