And in the constellation of stock exchange transactions

the 2023 It’s her Hellas A year is enough deals, Covering all industries. With deals that were closed, with deals that were broken, with deals that are still in development. Market pessimists are always looking for why some people become sellers and rarely question the appearance of buyers.

It is important that deals always happen Live markets And Economies. Because in sleepwalking markets, buyers are hard to find. The most important thing in deals is not the amount of price, but rather the prospects and opportunities that buyers see. This happens because buyers pay a certain price and look to the future.

after every thing, Ratings Incorporate forecasts for a business’s growth and the growth of its financials. No one accepts a shrinking economy or a collapsing business environment. All trades are made to result in a “+”. Even if those behind these deals are unhappy, they see shattered economies and ruined companies.

When UK Currys announced in June 2023 its intention to sell its subsidiary, “Kotsovolos”, The opposition as a whole spoke of the government’s failed economic policy, which alienated foreign investors.

But the simple fact is that Curry Which operates in the United Kingdom and Ireland under the brand name of the same name, in Norway, Sweden, Finland and Iceland under the brand name Elkjøp and in Greece and Cyprus under the brand name “Kotsovolos”, has chosen to sell its most valuable possessions. Assets, which he described by the English term “silverware”, which is interpreted in Greek as “silverware”, in order to obtain liquidity.

Through this liquidity, it enhances its activities Markets Ha england, Ha Ireland Which scandinavian, Which lags significantly behind due to the decline in consumer spending in these countries.

Finally, the “to pee” It ended in her hands Purchasing power For 200 million euros. For the sake of history, it should be noted that the stock market valuation of PPC, i.e. its value on January 18, 2019, under the Syriza-Remnant Greeks government, was at €292 million, with the stock reaching €292 million. 1.26 euros. That is, approximately 45% higher than the purchase price of “Kotsovolos”. Today PPC has a share of €9.9 and a market capitalization of €3.78 billion.

With the acquisition of “Kotsovolos” for €200 million, in addition to all the other synergies analyzed in equity analyst reports, PPC “enters” a market worth €75 billion. Because this is the estimated cost for businesses and households to change appliances and install more energy-efficient machines until 2030.

Was this PPC’s only investment move? no. The acquisition of Enel Romania for €1.26 billion was completed a few days ago. Its subsidiaries, Enel Energie and Enel Energie Muntenia, are among the country’s major energy suppliers and their portfolio includes electricity and natural gas, as well as utilities.

At the same time, Enel Green Power Romania It is one of the largest renewable energy producers in the country, with an installed capacity of 534 MW and licensed projects of 5,000 MW. It was preceded by deals to acquire a 210 MW PPC in Romania owned by Mytilineos and 84 MW of wind power owned by Land Power srl, a subsidiary of the Lukoil Group.

And PPC deals weren’t the only ones. The historic deal with UniCredit was announced by Alpha Bank. Which is expected, on the one hand, to display the percentage of shares owned by the Financial Stability Fund, through which there will be a strategic participation of the Italian bank in Alpha Bank, and commercial cooperation in various banking sectors in Greece, and on the other hand, the merger of their subsidiaries in Romania, where the third largest bank in the market will be created. Roman banking.

In the banking sector, the deal was concluded between… Attica Bank With the bankritia bank, Which simultaneously absorbed the banking operations of HSBC Bank in Greece and the Cooperative Bank of Central Macedonia, creating the fifth banking pillar in the country by Thrivest Holdings.

the Eurobank It has increased its shareholding in the share base of Hellenic Bank in Cyprus to 55.3% through the purchase of an additional 7.2% of Wargaming Group Limited, the Provident Funds, the Provident Fund for Wargaming Executives and the Provident Fund for Wargaming’s Senior Management Personnel for €69.8 million.

During this month, the Intrakat Group’s acquisition of AKTOR Construction, which in turn passed into its own hands, was legally completed. Thrifest Holdings, Through acquisition by Intracom.

In October, it was acquired by Commercial Real Estate AEEAP Smart Park, affiliated with the Reds Group, for 110 million euros.

The club Geek terna He bought her Aegistus SA Which is active in road, construction and energy projects, as well as in infrastructure and quarries, with a second degree, and SANTA IKE, which specializes in transporting heavy machinery, property development and accidents, holds a fifth-class construction degree and has undertaken a number of public and private projects, such as hospitals, museums, dams, ports and industrial facilities.

Her group mytileneus energy and minerals, acquired 100% of the sole representative company IMERYS BAUXITES GREECE (“IMERYS BAUXITES”), which opened a new significant capital for the M Metals branch in MYTILINEOS, where production became completely vertical, while the long-term supply of “Aluminium Greece” was guaranteed to the plant It is the only vertically integrated production unit for bauxite, alumina, primary aluminum and rare earths in the EU.At the same time, Mytilineos has concluded 4 deals in the field of the retail energy market through the acquisition of Watt+ Volt, Unison, Volterra and Evaenergy.

In September, the acquisition of 100% of the shares of the Cypriot company under the name KT Golden Retail Venture Ltd, which participates 100% in the capital of the Greek company “Attica Department Stores”, was completed from Ideal Holdings, for a total price of 100 million. euro.

Last May, its subsidiary Intracom Holdings, Intracom Properties Acquired 46.59% of KLM (I. KLOUKINAS – I. LAPPAS TECHNICAL AND COMMERCIAL COMPANY).

Motor Oil has acquired 100% of Thali Environmental Services SA. In the renewables space, with the recent acquisition of 75% of Unagi, which controls 51% of subsidiaries Baliaga, Pivot Solar and Teichio, Motor Oil is balancing its pipeline with photovoltaics, as it has done in previous deals it has completed with participating wind farms. Thus, Motor Oil’s subsidiary Motor Oil is acquiring a portfolio of renewable energy projects and storage systems worth more than 3 GW, in various stages of development.

Last February Brick properties It was merged by absorption with InterContinental International AEEAP (Anonymous Real Estate Investment Company). While its sister group, Quest Partitions, acquired 100% of the information technology company EPAFOS, which is mainly active in the field of information systems in the education sector.

The year 2023 has been described as the year of deals in IT. Therefore, Epsilon Net acquired 60% of SCAN ABEE, 60% of Diginet, 60% of NETERA, 40% of GJVS, and 80% of Milestone. Entersoft acquired 100% of CGSoft and 62% of SMARTCV. At the same time, the agreement between Epsilon Net and Space Hellas was finalized, according to which the shares of SINGULARLOGIC SA and Epsilon SINGULARLOGIC SA were transferred. Which the two groups respectively held as minority holdings.

the Attica group It is combined by absorption with Anick.

Last June, 60% of the historic ION chocolate industry passed into the hands of Bespoke SGS Holdings AE, a subsidiary of Spyros Theodoropoulos’ interests.

Its Italian collection Royal Collection Which has a presence in Italy, Spain and Chile, acquired 75% of Hydrogeios Asfalistiki.

Dairy industry Delta Acquired Gold Sin ice cream company and is the official national distributor of Mars Hellas, Häagen-Dazs (General Mills AE) ice cream and Sammontana SPA ice cream for Greece and Cyprus.

As we can see, the stock market has received enough oxygen from the above trades to continue moving dynamically. Trades certify that valuations are correct and that realistic expectations are included in the prices.

If the broader geopolitical environment and an overhauled domestic tax and legal framework have helped, we may be rubbing our eyes at what we are about to see. Calming tensions in the Middle East would reduce systemic risks, which foreign investors always take into account. While reforms in the tax and legal framework will prove that Greece is a safe and development investment destination with great prospects, thus attracting new capital. Because, as the old-timers say, “Stock markets go up with money, down with paper.”