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Athens News Agency: News in English, 09-03-05

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

From: The Athens News Agency at <>


  • [01] Cosmote raises stake in AMC to 95 pct
  • [02] Greek stocks end 1.72% down

  • [01] Cosmote raises stake in AMC to 95 pct

    Athens-based Cosmote on Thursday announced the signing of an agreement with the Albanian government to buy an additional 12.6-pct stake in its Albanian subsidiary, AMC, for 48.2 million euros.

    After completion of the deal, Cosmote will control 95 pct of AMC.

    The agreement was signed between Michalis Tsamaz, Cosmote's chief executive, and Albanian Deputy Economy Minister Enno Bozdo.

    AMC is the leader in mobile telephony operations in Albania, with an exceptional EBITDA margin.

    [02] Greek stocks end 1.72% down

    Greek stocks fell to their lowest levels since March 2003 at the Athens Stock Exchange on Thursday, following a negative trend in other international markets. The composite index ended 1.72 pct lower at 1,481.46 points, with turnover at 101.3 million euros, of which 4.1 million euros were block trades.

    Most sectors moved lower, with the Travel (4.87 pct), Utilities (3.53 pct), Banks (2.31 pct) and Commerce (2.16 pct) suffering the heaviest percentage losses of the day, while Telecoms (1.94 pct), Oil (0.91 pct) and Media (0.54 pct) scored gains.

    The FTSE 20 index dropped 1.84 pct, the FTSE 40 index fell 1.17 pct and the FTSE 80 index ended 1.04 pct lower. Broadly, decliners led advancers by 131 to 58 with another 49 issues unchanged.

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