DEPA acquires stake in Alexandroupolis FSRU developer GASTRADE

On Monday 23 December, DEPA’s Board of Directors announced the approval of a 20% stake acquisition in GASTRADE’s equity. GASTRADE is the company currently developing the FSRU project in Alexandroupolis. GASTRADE is developing an LNG Terminal in Northern Greece off the shore of Alexandroupolis. The Terminal comprises a FSRU with a storage capacity of up to 170,000 cubic meters of LNG and daily regasification capacity of 22.7 million bcm (8.3 billion bcm annually), that will be anchored at a distance of 10 km offshore Alexandroupolis and a 28km long pipeline system. The Terminal project is part of the EU’s policy for Central and South-Eastern Europe (CESEC) energy connectivity to the National

Eurobank completes restructuring of € 8 billion in non-performing loans

Eurobank is on course to complete the restructuring of two loan portfolios with an aggregate value € 8 billion. The deal includes two transactions: (a) The sale of an 80% stake of Eurobank’s subsidiary FPS (Project Europe). FPS’ entire share capital has been valued at € 310 million. Eurobank will receive € 248 million for the sale of its 80% stake in its subsidiary. (b) The securitisation of Eurobank’s “Cairo” portfolio of nonperforming exposures (NPEs), worth € 7.5 billion (Project Cairo). The main points of the deal are the following: Eurobank sells 80% of its shareholding in its FPS NPE portfolio to doValue. Eurobank’s Trouble Asset Group (TAG) will be transferred to FPS Eurobank signed a

Navigator Consulting participates in Capital Link's 21st Annual Capital Link Invest in Greece Fo

Navigator Consulting will be available for meetings until Thursday, 12 December in New York. Navigator Consulting will participate in Capital Link's 21st Annual Capital Link Invest in Greece Forum which will take place at the Metropolitan Club in New York City on Monday, December 9, 2019. This is an International Summit about Greece in New York organized in cooperation with the New York Stock Exchange and major global investment banks. The Forum will feature government and business leaders from Greece, Europe and the United States, and top executives from the investment, financial and business communities. This Forum will provide the audience with a unique blend of informational, marketing a