|Bid||2.15 x 100000|
|Ask||0.00 x 150000|
|Day's Range||2.14 - 2.19|
|52 Week Range||1.75 - 4.73|
|PE Ratio (TTM)||2.10|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Public Power Corporation SA. (ATSE:PPC) is a small-cap stock with a market capitalization of €531.28M. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies,Read More...
Greece's dominant power utility Public Power Corp. (DEHr.AT)(PPC) postponed a board meeting on the sale of power stations scheduled for Thursday after workers occupied its headquarters to protest against the plan. Greek lawmakers last month approved legislation which allowed PPC to start selling 40 percent of its coal-fired capacity, a requirement of a multi-billion euro bailout accord between Athens and its international lenders. PPC's board was due to convene on Thursday in Athens to pave the way for the sale of three units and a licence for another one but the meeting was put off after workers occupied the building, the head of PPC's biggest trade union GENOP-DEH said.
Greek lawmakers on Wednesday approved the sale of power stations by Greece's dominant power utility Public Power Corp. (PPC) (DEHr.AT) after workers protested at what they call a "national crime". A majority of lawmakers voted in favour of the bill which paves the way for PPC to begin selling plants in May. It is a requirement of a multi-billion euro bailout accord between Greece and international lenders. Hundreds of PPC workers gathered outside parliament as lawmakers debated the legislation earlier on Wednesday, urging them not to allow what they said was "a fire-sale of the family silver".
The Greek government submitted a bill to parliament on Wednesday opening the way for the country's dominant power utility PPC to begin selling coal-fired plants in May, a move strongly opposed by workers who have threatened strikes in protest. Athens has agreed with its foreign creditors that Public Power Corp. (PPC) (DEHr.AT), which is 51 percent state-owned, will sell plants equal to about 40 percent of its coal-fired capacity this year. Greece, which is implementing reforms in exchange for loans from the European Union, will divest the capacity to comply with a European court ruling which said that PPC had abused its dominant position in the coal market.
Greek Prime Minister Alexis Tsipras urged French businesses on Friday to invest in Greece, as it emerges from its debt crisis, and assured them that they would not regret it. Tsipras said attracting investment was a priority for his leftist-led government, which aims to reduce the jobless rate, the euro zone's highest, and make Greece financially independent in 2018, when the country's third international bailout expires. "Greece is an opportunity... a real opportunity," Tsipras told French business leaders accompanying French President Emmanual Macron on a two-day trip to Athens.
Greece aims to raise a total of 6 billion euros ($6.83 billion)from privatisations by 2018, the head of its privatisations agency (HRADF) said on Thursday, making up for a revenue shortfall last year and hoping to overperform its latest bailout target. Privatisations have been a major part of Greece's three international bailouts since 2010, but political resistance and red tape have hurt revenues. Athens has raised just 4.4 billion euros so far and has repeatedly revised targets downwards.