The Ethniki – Piraeus duopoly, Sklavenitis and the “revolution” of the little ones and which CEO chair is creaking… – Economic Postman – 2024-02-19 20:45:02

· An issue now preoccupies the market.

· Piraeus and the placement. For better or worse this is the big catalyst.

· And as we learn everything is now in place so that next week the process will begin.

· As we learn the scenario of allocating up to 20%, from the 27% held by the HFSF, has more chances.

· The price is the question, with the scenarios around 4 euros not confirmed until now.

· After all, as we have pointed out many times, the placement in the National Team is a guide.

· And this was done at a discount compared to the current one.

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The “magic recipe” that resists increases

· Coca-Cola HBC “got it”…

· With two price increases in 2023 the results showed that the “secret” of its recipe does not deter consumers.

· In fact, it achieved volume and share growth, improved profit margins and an all-time high in net cash flow.

In fact, cash flows increased by 10.3% to 711.8 million.

· That is why the market has been quick to take advantage of its recent weakness.

· With significantly better volume.

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The little ones unite…

· The strength in unity. This is how the Asteras and Eleta groups thought and decided to cooperate.

· The encroachment of the big supermarket chains is putting suffocating pressure on the smaller players.

· Who are required to find convincing answers in order to keep the consumers’ interest active.

· The key question is what the industry’s major suppliers will do and whether they intend to support them.

· Bad lies, deals are what set the tone in retail today.

· Without them, it can hardly stand worthily in the field of competition…

… and the adults continue undeterred

· At the same time, the major players in the sector, such as Sklavenitis, AB Vassilopoulos, METRO and Masoutis continue to declare their openness to new acquisitions.

· Expanding their presence is high on their agenda.

· It’s an open secret that it’s on line with several local chains.

· Information even indicates that the concentration trend will intensify in the next period.

· Following international trends that want fewer and more robust shapes to lead the race…

· Whether this is to the benefit of the consumer is something only time will tell…

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The “haunted project” in Kassiopi and the complaint about the CEO

· The tourist project in the Hermit of Kassiopi has been frozen for a long time.

· “We don’t cut glauca in Athens” since it remains on the… papers for about 11 years..

· However, the new thing that we learn (without adopting it) is that there is dissatisfaction with the head of NCH Capital, Andreas Santi, for the lack of progress.

What is certain is that the efforts that began to disengage from the project through its transfer did not proceed…

· Despite leaks about the existence of initial interest from some funds, the deal stumbles on cost.

· “The budget has escaped and it will be difficult for someone to take responsibility for execution”, point out sources in the know.