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Athens Macedonian News Agency: News in English, 16-05-17

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

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

CONTENTS

  • [01] TAP renders northern Greece an energy hub, Economy Min Stathakis tells ANA-MPA
  • [02] Alpha Bank, Eurobank and KKR reach agreement to support Greek companies

  • [01] TAP renders northern Greece an energy hub, Economy Min Stathakis tells ANA-MPA

    The construction of the Trans Adriatic Pipeline (TAP) is a transnational investment with the participation of Greece, Albania and Italy, Economy Minister George Stathakis said in an interview with ANA-MPA on Tuesday.

    It is a very important work of 2 billion euros, Stathakis noted adding that the two thirds of the European part of the pipeline, i.e 580 out of the approximately 800 kilometres, are on the Greek territory, he explained..

    Moroever, he said that the construction of the pipeline creates an important energy hub in northern Greece. The project is expected to have been completed by the end of 2019, Stathakis stressed.

    The construction of TAP in the next three years will offer around 8,000 new jobs and will pave the way for energy supply in selected areas according to the government plans while at the same time it will attract additional investments in the energy sector.

    [02] Alpha Bank, Eurobank and KKR reach agreement to support Greek companies

    Alpha Bank, Eurobank and KKR Credit on Tuesday signed a binding agreement according to which the banks agree to assign the management of credit and equity exposures to a selected number of Greek companies into a platform managed by Pillarstone.

    Subject to final Board approval, the European Bank for Reconstruction and Development (EBRD) is considering co-investing in partnership with KKR and the banks.

    The platform will provide fresh long-term capital and operational expertise to large Greek corporate borrowers helping them stabilize, recover and grow for the benefit of all stakeholders. The Greek banks will share in the upside as the businesses' performance recovers.


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