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Athens News Agency: News in English, 09-02-04

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Market authorities fine Sea Star Capital Plc with 3.742 mln euros
  • [02] Emporiki Bank unveils 850-mln-euro share capital increase plan
  • [03] 'History Lost' expo at Europarliament in Brussels

  • [01] Market authorities fine Sea Star Capital Plc with 3.742 mln euros

    Greece's Competition Commission on Wednesday announced sactions totaling 3.742 million euros and 75,000 euros to Sea Star Capital and J.Vardinoyiannis, respectively for failing to timely offer full information over changes in equity participations in ANEK Shipping Lines.

    A statement by the market watchdog said Sea Star Capital Plc acquired 36.5 pct in HSW in 2007 and a 15.90 pct in ANEK and buying another 16.6 pct equity stake in ANEK, but failed to inform market authorities over theses transactions

    [02] Emporiki Bank unveils 850-mln-euro share capital increase plan

    Emporiki Bank on Wednesday said an extraordinary general shareholders' meeting, scheduled for Feb. 26, will discuss a board plan for a share capital increase scheme worth 850 million euros.

    A board meeting on Wednesday also elected Bernard Mary as a member of the board.

    Under the share capital increase plan, Credit Agricole SA will cover its equity participation and any additional part if asked by the board.

    Emporiki Bank aims to raise its capital adequacy rate to above 10 pct by June 30.

    The bank said provisions for its lending portfolio will total 500 million euros for 2008, of which 300 million euros will cover the fourth quarter of the year, while write downs in the fourth quarter totaled 100 million euros.

    Jean-Frederic de Leusse, the bank's chairman and deputy CEO in Credit Agricole, said Emporiki Bank enjoyed the full support of Credit Agricole.

    "Our aim is to ensure Emporiki Bank's ability to respond to future challenges and to benefit from any opportunities arose when a financial environment stabilises. With this share capital increase plan, the bank will acquire a strong capital base," he said.

    [03] 'History Lost' expo at Europarliament in Brussels

    The "History Lost" multimedia exhibition on illicit antiquities trade and its impact on society and culture will officially open at the European Parliament in Brussels on Feb. 10, hosted by the Hellenic Foundation for Culture, with the support of the chairperson of the Europarliament's committee on culture and education, Katerina Batzeli. The exhibition, to be held at the EP's Yehudi Menuhin Hall on Feb. 9-13, will feature copies of finds that have been returned recently to Greece and Cyprus, following relevant requests and has already been presented in Trieste, Lisbon and Dublin.
    Athens News Agency: News in English Directory - Previous Article - Next Article
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