Thursday October 30, 2014 Search
Weather | Athens
19o C
12o 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)  
Italy, Greece banks lead Europe decliners amid capital concerns
European stocks tumble as banks decline after Enria’s comments
Germany’s bonds rise as consumer prices decline in six states
Peripheral banks lead European shares lower after positive start
Germany denies backing proposal for Greece to exit aid program
Germany denied it’s given support to proposals that would help Greece exit its bailout early, dealing a blow to a plan that’s already unnerved investors in the nation’s debt. The German gove...
Boy, 13, dies after falling from fifth floor in Thessaloniki
A 13-year-old boy died of his injuries after falling from the fifth floor of a building in the northern port of Thessaloniki on Thursday. Early witness reports suggested the youngster was al...
Inside News
BASKETBALL
Panathinaikos and PAOK retain perfect record
The third round of games in the Basket League over the weekend saw PAOK overcome the strong resistance of host KAOD at Drama, and Panathinaikos and Olympiakos inflict heavy losses on AEK and...
SOCCER
Gattuso recalls resignation from OFI bench
Gennaro Gattuso has recalled his resignation from the OFI Crete bench following pressure by the club’s fans and administration, one day after his quitting accusing the club and its players o...
Inside Sports
COMMENTARY
Time is running out in Afghanistan
Thirteen years after the attacks on the Twin Towers and NATO's entry into the war in Afghanistan, things remain pretty much unchanged: Political instability and insecurity  reign in the Cent...
COMMENTARY
Cool heads required
It’s time for Athens and Nicosia to deal with the current situation in Cyprus’s Exclusive Economic Zone (EEZ), which a Turkish seismic research vessel has breached against international law,...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Germany denies backing proposal for Greece to exit aid program
2. Boy, 13, dies after falling from fifth floor in Thessaloniki
3. Italy, Greece banks lead Europe decliners amid capital concerns
4. Civil servants to be investigated for transferring money abroad
5. European stocks tumble as banks decline after Enria’s comments
6. Tsipras to meet with BoG governor on Thursday
more news
Today
This Week
1. Greek euro dilemma is back as minister predicts volatility
2. Students hijack university senate meeting
3. Clientelism belongs to the past, says Mitsotakis
4. Peripheral banks lead European shares lower after positive start
5. Over 1,500 buildings and vehicles damaged in flash floods
6. Tsipras to meet with BoG governor on Thursday
Today
This Week
1. At least 11 banks to fail European stress tests, three in Greece, report says
2. Austria’s creative bookkeeping beats Greece on secret debts
3. Cyprus to block Turkey's EU talks after EEZ violation
4. End of reason, end of humanity
5. Clean bill of health for Greek banks from stress tests
6. Samaras pledges action after flash floods in Athens
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.