Athens News Agency: News in English, 00-09-12

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] AS COMPANY SA-initial public offering

[02] Ecstasy pills

[01] AS COMPANY SA-initial public offering

AS COMPANY SA, a manufacturer, importer and distributor of toys, launches an initial public offering on Wednesday to list its shares on the small cap market of the Athens Stock Exchange.

The company will issue 599,340 common nominal shares, of which 570,800 shares will be offered to the public, at 4,000 drachmas each, and the remaining 28,540 shares through private placement.

AS COMPANY SA seeks to raise 2.397 billion drachmas in new capital. The company reported a turnover of 4.783 billion drachmas and pre-tax profits of 534 million in 1999. It expects its turnover to rise to 5.5 billion drachmas and its profits to total 650 million drachmas this year.

[02] Ecstasy pills

The largest quantity of hallucinogenic "designer" drug 'ecstasy' ever in Greece was confiscated Thessaloniki, and two Dutch nationals were arrested, police said Tuesday.

They said 52,300 pills of the synthetic mood-enhancing "ecstasy" drug were found Monday night by Thessaloniki police in a truck en route from The Netherlands, during a search in the Posidonia region of the northern Greek capital.

Police said the truck's Dutch owner and driver were arrested, but declined to release the names or give further details.

The Thessaloniki security police were due to present details to the press later Tuesday.

Athens News Agency: News in English Directory - Previous Article - Next Article