CVC’s expectations are “wrecked”, Ideal, “Barba Stathis” and the scenarios, Goldair’s paper on Volos, Athens’ private dinner – Economic Post –

The CVC’s attempt to sell the hospitals will ultimately end in disaster. That is, the majority package of the Hellenic Healthcare Group (HHG) medical group, which includes Metropolitan and Hygeia, Matera and Leto maternity hospitals and some clinics in the region.
The Saudis don’t see the valuation the fund is asking for as fair, and as you understand… there won’t be a deal.
And when there are differences in valuation there are also differences in expectations. As my sources told me, the wreck was the result of wrong expectations from the CVC. They don’t “read” the market well.
“They think they can sell as much as they put their minds to,” they told me.

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Ideal, “Barba Stathis” and the scenarios…

The people of Ideal keep their papers closed regarding the information that was released yesterday and they wanted them to have agreed with CVC for the sale of “Barba Stathis”.

Sources of the company, speaking to their interlocutors, avoided commenting on reports, and repeated monotonously that if they have something to say, they will proceed with an announcement…
However, it is not the first time that CVC’s name has been involved in various scenarios, given the wide footprint it has on the Greek market, owning a number of leading companies.
Barba Stathis is one of the most dynamic companies it has in its portfolio and it is estimated that a possible sale will be made at a high price…

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The private dinner…

That energy is a topic that “burns” worldwide, I don’t need to point it out.
But the dinner that the BSE administration hosted for the president of the Republic of Cyprus, Nikos Christodoulidis, in a central hotel in Athens made an impression.
In fact, the dinner came a few hours after the president of Cyprus had a meeting with president Biden in the US.
At the same table was CEO of HELLENiQ ENERGY, Andreas Siamisis. Vice President of the BSE, as well.

I remind you that N. Christodoulidis was present last April at a HELLENiQ ENERGY event in Cyprus where the results of its “VISION 2025” strategic plan for the energy transition were presented, as well as its business plans, with which it aspires to make a substantial contribution in achieving the goals for reducing the carbon footprint and improving the energy security and autonomy of Cyprus.

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“Lightning” in Noval

As I learn, the decision of Panagiotis Kapetanakos to leave the position of CEO struck Noval like a bolt of lightning.

Nothing foretold that the manager after five years at the helm of the real estate company linked to the Stassinopoulos family’s Viohalko group would step down. Even his closest associates were caught off guard.

Sources in the know inform us that the decision of Mr. Kapetanakos is connected to his personal reasons, and not to any rift since there was satisfaction with the course and performance of the company.

However, changes and departures of executives, as they say, happen in the business, while relative security is said to be offered by the placement of Mr. Michalis Panagis in the position of CEO.

As they note, this is an experienced executive who has served for some time in the group.

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Two ports…

Closer to the acquisition of the Volos Port Organization is Ivan Savvidis, who, I remind you, also controls the port of Thessaloniki. And I refer to the port of Volos as the Unified Authority for Public Contracts (E.A.D.I.S.) rejected the appeal filed by Goldair led by Kallinikos Kallinikos.

Goldair contested the decision of TAIPED to highlight a preferred investor for the majority share package of OLB and started the legal appeals.

Goldair’s last paper for Volos

However, Goldair is expected to draw its last card, that of appealing to the Supreme Court, in the case of the tender for the port of Volos.
Well-informed sources say that immediately after the lawyers’ proposal, the company’s management is very likely to appeal to the Supreme Administrative Court as they have nothing to lose anyway.
It is recalled that yesterday it became known that the Unified Authority for Public Contracts rejected the appeal filed by Goldair for the sale of 67% of the share capital of the Port of Volos Organization to Ivan Savvidis’ TLP.
The decision was issued on October 29 and Goldair has the right to appeal to the SC against this decision within ten days. Initially, Goldair had again appealed to the Supreme Court against the decision of TAIPED. However, the SC had declared itself incompetent and had referred the case to the EADS.

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Open war…

And to stay on the subject of ports, the climate in Rafina is not good.
The Municipality, in fact, has an open war with all the agencies, while there the tender is in full swing.
In fact, I do not rule out an escalation of the reactions there. It is also certain that they do not want the expansion of the port, with the area already “on its knees” during the summer peak hours due to the traffic load.
Of course, TAIPED moves with studies, which I’m not sure if they have a counterpart…

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Basic salary 1,100 euros!

I was also impressed by the 1,100 euros that the employees of doValue Greece achieved.
This will be the minimum wage for all active and new workers.
In other words, we are talking about more than 30% higher than the minimum wage established by the government.
And I think that the example of doValue Greece (and the Employees’ Association) should be followed by other companies if we want to talk about brain gain.

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The “armored” Greece…

Anyone who thinks that geopolitical tensions and electoral uncertainty in the US are not affecting Greece should take a look at the IOBE data.
Just look at the Manufacturing Business Outlook, which weakened significantly in October to 103.5 from 110.6 in September.

And this retreat was due to weakening forecasts of orders, demand and production in the coming months.
As IOBE reported, in fact, the intensifying geopolitical turmoil, which could have strong negative effects on world trade and international capital markets, seems to be affecting the outward-facing segment of domestic industry and causing uncertainties.

the “category”

You understand that I do not get involved in internal party disputes, unless it is in the government camp, where criticism should always be constructive.
But I can’t let the accusation that was made go by like that. That is to say that the Left being business friendly is reprehensible…
In the year 2024, when the dilemma of the direction of an economy has been answered decades ago, there are pockets in Greece that have remained in… 1950, it’s beyond me…

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At least others are trying…

Fortunately, not many follow this mentality, with the Athens Stock Exchange organizing the ATHEX SMALL CAP ROADSHOW. There, on November 12, 20 listed small capitalization companies will participate, where they will have individual and/or group meetings with institutional investors and analysts.

Alternative…

Of course, if they don’t like the small business roadshow, let them attend the training seminars of the Capital Market Commission, which, in collaboration with the Athens Chamber of Commerce and Industry and other chambers of the country, will provide information on issues such as financing through the capital market, the protection from online fraud, transactions in cryptocurrencies and related advertisements, in view of the new Regulation for the Market of Cryptocurrencies (MiCA).