Thursday May 28, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Paulson hedge fund discloses Greek stakes

A fund run by billionaire investor John Paulson has acquired minority stakes in a bank and a water company in Greece, adding to evidence the country was attracting international investors back after a deep six-year slump.

Greece’s fourth-largest lender, Alpha Bank, said in a statement Paulson & Co Inc had disclosed a 5.4 percent stake in the bank, without giving further details.

Alpha was bailed out by the European Union and the International Monetary Fund last year alongside Greece’s other three major lenders.

A stake of 5.4 percent stake in Alpha was worth 407 million euros on the Athens Stock Exchange on Tuesday, according to Thomson Reuters Eikon data.

Paulson, whose moves have been watched closely ever since he earned billions by betting against subprime mortgages, said in October he had acquired Alpha shares but had not said how many.

Under Greek law, listed firms must reveal all stakes above 5 percent.

Greece’s biggest water utility, Athens Water (EYDAP), separately said in a bourse filing that Paulson’s fund held a 10 percent stake, worth 99 million euros.

The fund took the stake last week.

Greece’s government, banks and some companies have raised about 11 billion euros between them through a string of oversubscribed bond sales and share capital increases in the last six weeks.

Other funds, which have recently invested in Greece at rock-bottom prices include US hedge fund Third Point and Canada’s Fairfax.

[Reuters]

ekathimerini.com , Tuesday May 6, 2014 (20:56)  
G7 finance chiefs discuss growth risks, urge deal on Greece
ECB working on the assumption that Greece won´t leave euro, says Constancio
Greek bank losses show predicament amid record outflows
ECB says contagion risk exists If Greek deal not reached quickly
EU says Greek deal ´not there yet´
The European Union poured cold water Thursday on Greece's claims that a deal on its bailout was near, insisting that more progress was needed in talks between Athens and its creditors. "We'r...
Christodoulos Xeros gets new extension for defense on Korydallos breakout plan
Convicted November 17 terrorist Christodoulos Xeros on Thursday was a granted a new extension in order to give evidence regarding his involvement in an alleged plan to aid members of the Con...
Inside News
SOCCER
Panathinaikos conquers PAOK through Tavlaridis goal
A Stathis Tavlaridis goal has brought Panathinaikos to practically within one point from clinching a spot in next season’s Champions League qualifiers, as the Greens made it three out of thr...
SOCCER
AEK Athens returns to top league after financial collapse
Greek club AEK Athens has just returned to the country's top soccer league, two years after financial collapse sent it to a lower league. One of the country's largest clubs, AEK sealed its s...
Inside Sports
COMMENTARY
Greece´s Cuban pathway to a parallel currency
The idea of a parallel currency for Greece is worthy of consideration, with even German Finance Minister Wolfgang Schaeuble broaching the possibility as Greece fails to reach an agreement wi...
COMMENTARY
Endless confusion and worry
The Holy See on Wednesday expressed its own view regarding the Greek crisis. Cardinal Pietro Parolin – the Vatican’s equivalent of prime minister – voiced his concern over ongoing negotiatio...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. G7 finance chiefs discuss growth risks, urge deal on Greece
2. EU says Greek deal ´not there yet´
3. Christodoulos Xeros gets new extension for defense on Korydallos breakout plan
4. Greece aims to have bailout deal by Sunday
5. Greek coast guard picks up 216 migrants in eastern Aegean
6. To Potami pledges to back loan
more news
Today
This Week
1. Endless confusion and worry
2. G-7 weighs in on Greece as Tsipras government told to be serious
3. ECB's Nowotny says no to loosening funding for Greece now
4. Lagarde says still much work to do in Greek debt talks
5. Following up on a positive step
6. European shares edge lower as Greek deal optimism fades
Today
This Week
1. Conspiracy madness
2. Hotel contracts with a ‘Greek default clause’
3. Neither Grexit nor a dual currency will solve Greece’s problems
4. No more 'quick and dirty' fixes for Greece
5. Some 300 mln left banks on Tuesday
6. Merkel said to plan address for Greece if deal reached
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.