GREECE
Macro/Political:
- Meridiam, a French investment group, signed an agreement yesterday at the Maximos Mansion to acquire a majority stake in the Greece–Cyprus interconnection project. The agreement reflects the Greek government’s assessment that the French group can help secure progress on the project by shifting risk to Paris, which will now be expected to address what Greek officials describe as the main obstacle: Turkish objections.
Furthermore, the Greek Prime Minister noted that, “The entry of France’s Meridiam is a strong vote of confidence in Greece’s energy sector. We are joining forces in a European project of common interest.” He added that the GSI would end Cyprus’ energy isolation while strengthening energy security in the Eastern Mediterranean and enhancing Europe’s resilience in the energy sector.
Source: Kathimerini
Markets:
- Aktor announced that it has signed an agreement with MOTOR OIL for the acquisition of a 75% stake in the companies operating under the distinctive titles HELECTOR S.A. and THALIS E.S. S.A. The enterprise value of HELECTOR S.A. and THALIS E.S. S.A., in the context of the transaction, has been agreed at EUR 300 mn (on a 100% basis). The final consideration will be determined on the completion date, following the deduction of net debt and the addition of cash as they stand at the completion of the transaction, along with any other adjustments provided for under the terms of the binding agreement.
Source: Euronext Athens - PPC 1H26 adjusted net income after minorities stood at EUR 335mn, reflecting an increase of approximately 126% (y-o-y).
Source: Euronext Athens
- Metlen’s total turnover for 1H26 stood at EUR 3,9 bn, representing an increase of 11% compared to 1H25. EBITDA amounted to EUR 550 mn in 1H26, down from EUR 445 mn in 1H25. Net profit after minorities was EUR 313 mn, compared to EUR 254 mn in 1H25.
Commenting on the 1H26 Financial Results, Evangelos Mytilineos, stated: “Our strong performance in the first half of 2026 reflects our strong commitment to delivering on the business plan we announced at the Capital Markets Day in April 2025 and underscores our disciplined execution against the objectives we set. It also demonstrates that the challenges we faced during 2025 are being addressed and that the Company has returned to a trajectory fully aligned with its medium-term strategic objectives.
Source: Euronext Athens
CYPRUS
Macro/Political:
- According to a written statement by Deputy Government Spokesperson Yiannis Antoniou, Cyprus President Nikos Christodoulides will meet Turkish Cypriot leader Tufan Erhurman on Wednesday, 26 August, under the auspices of the UN. According to the statement, the meeting will focus on making the necessary preparations for the convening of a new expanded conference.
Source: CNA
