The MoU Latsis – authorities for Helleniq Power, the dividends of the Superfund and DEPA Emporias, the outbursts of Psathas for forms and Hatzidakis for provides and the extension for IRIS – Financial Publish – 2024-06-28 08:26:00

As OT and INSIDE STORIES have written, businessman Spyros Latsis is on the lookout for a technique to disengage from Helleniq Power.

As for the rationale he’s pushing for his departure and even limiting his publicity to the oil group, there are numerous rumors. They need to do with liquidity points in one other funding in our nation however for now I do not know if they’re effectively based…

The unconfirmed data due to this fact desires Mr. Latsis to hunt to gather income from the discount or full divestment from Helleniq Power.

Let me remind you that it owns 40.41%.

The memorandum of cooperation

Nevertheless, the exit or the scissor of Latsis participation within the group goes by DEPA Emporias. Helleniq Power owns 35% of the pure fuel firm. And due to this fact the tangle should be unraveled from there first.

At this level, let me remind you that the Greek authorities, which can also be a shareholder with 31.18% in Helleniq Power, had signed a memorandum of cooperation for the reason that earlier try and promote DEPA Emporia. And this MoU, as I perceive has expired and is up for renewal. In less complicated phrases, the federal government is dashing to work with the Latsis group to attain its aim.

The renewal of the MoU leads TAIPED, which represents the pursuits of the Greek public, to search for a technique to make the most of the 35%. TAIPED is a 65% shareholder of DEPA Emporia.

Nationalization

In line with the identical data, one of many eventualities which have fallen on the desk is for 35% to go to the Greek authorities.

In different phrases, DEPA Emporias needs to be totally nationalized. Right here, it’s price declaring one thing {that a} market individual commented to me: “DEPA Emporias was not nationalized in the course of the power disaster and it’s not excluded that we are going to see this within the period of improvement…”

The valuation

Though DEPA Emporias has big burdens, “mines” for would-be buyers, (see the case of ELFE and Gazprom) that will open the pocket of Aeolos… for the cost of compensations to its clients, nonetheless Helleniq Power has made a valuation of the share her. They are saying it prices 200 million euros.

With these open authorized disputes, the Greek authorities, my sources say, is on the lookout for a technique to pay the 35% to the Latsis group in order that it could depart…

And naturally, all these potential dangers needs to be transferred to the state…

The cost

Be that as it might, I’m not a chartered accountant, however I be taught {that a} situation for the compensation of 35% of DEPA Emporia has additionally fallen on the desk.

The Superfund (to which TAIPED belongs) will gather dividends from its holdings in DEKO and can give the value…

And I say the Superfund, as till the deal is completed, TAIPED is not going to exist based mostly on the Hatzidakis draft legislation…

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We even have an funding surroundings…

And from the state investor… let me transfer on to the non-public investor and the struggling he’s inflicting in Greece…
In the course of the New Democracy authorities, Prime Minister Mr. Kyriakos Mitsotakis has a say in investments wherever he stands and wherever he’s. And what number of investments have been made in Greece throughout his tenure, and what a great funding surroundings we now have. And neither extra nor much less, the gates of the nation are crowded with buyers, who would be the first to make the most of the funding frenzy that prevails all through Greece. To start with, the Economist…

Mr. Athanasios Psathas

And Mr. Athanasios Psathas, the managing director of ETVA VI.PE, got here yesterday. and he made all of it a joke – and they’ll most likely cross it within the “doku” as a result of the Maximus Palace system is busy with different critical sufficient issues! What did Mr. Psathas say? He mentioned that the massive downside is the forms and the multi-division of obligations.

5 years for licensing!

And he added that in two circumstances, though buyers purchased land, they “froze” the funding they wished to make in plastics processing. Clearly as a result of they did not provide you with this very best funding surroundings! However he mentioned extra. That for instance the licensing of an funding of medium financial dimension requires 5 years! Sure, you learn that proper. 5 years. When in different European international locations the common is 2 years! That is all….

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Earnings from commissions

In an evaluation of banks’ income you possibly can see that the a part of them that comes from commissions is disproportionately giant in comparison with regular banking operations – that’s, promoting cash! This may be seen with the bare eye…

The compromise

And it’s no coincidence that the compromise they made within the final days of final December with the Competitors Fee, accepting a complete nice of 40 million euros.

Mr. Hatzidakis took his gun…

Yesterday the Minister of Nationwide Economic system and Finance Mr. Kostis Hatzidakis was an invited speaker on the annual common meeting of the Hellenic Banks Affiliation. And he informed them “bulk and sack” as additionally they say in my village. In different phrases, he informed them that “not settling the procurement challenge does nothing for the banks, the federal government, or society.” Sure! And he invited them “to undertake fairer methods based mostly on the practices of different European banks or corporations with giant buyer networks in Greece, in order that there isn’t any want for governmental legislative intervention”! Oops…

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The IRIS

Let me stick with Mr. Hatzidakis and go to a different matter that he likes to take care of.
The explanation for IRIS and the professionals. So yesterday on the common meeting of EET, he left open the potential for extending the deadline that freelancers have so as to receive the direct cost service.

The extension

As I perceive the deadline that ends on June thirtieth is not going to be prolonged only for a couple of days however for some months. As much as two, studies say.
Let me additionally let you know how one in two freelancers proper now doesn’t have IRIS. Though they’re listed at 750,000 in whole, over 300,000 have registered for the service.
Anyway, the Minister of Nationwide Economic system and Finance provides one final grace and after the nice a cloud will fall… The saddest one is 1,500 euros…!