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Athens Macedonian News Agency: News in English, 16-05-17
CONTENTS
[01] TAP renders northern Greece an energy hub, Economy Min Stathakis
tells ANA-MPA
[02] Alpha Bank, Eurobank and KKR reach agreement to support Greek
companies
[01] TAP renders northern Greece an energy hub, Economy Min Stathakis
tells ANA-MPA
The construction of the Trans Adriatic Pipeline (TAP) is a transnational
investment with the participation of Greece, Albania and Italy, Economy
Minister George Stathakis said in an interview with ANA-MPA on Tuesday.
It is a very important work of 2 billion euros, Stathakis noted adding
that the two thirds of the European part of the pipeline, i.e 580
out of the approximately 800 kilometres, are on the Greek territory,
he explained..
Moroever, he said that the construction of the pipeline creates an
important energy hub in northern Greece. The project is expected to have
been completed by the end of 2019, Stathakis stressed.
The construction of TAP in the next three years will offer around 8,000
new jobs and will pave the way for energy supply in selected areas
according to the government plans while at the same time it will attract
additional investments in the energy sector.
[02] Alpha Bank, Eurobank and KKR reach agreement to support Greek
companies
Alpha Bank, Eurobank and KKR Credit on Tuesday signed a binding agreement
according to which the banks agree to assign the management of credit
and equity exposures to a selected number of Greek companies into a
platform managed by Pillarstone.
Subject to final Board approval, the European Bank for Reconstruction
and Development (EBRD) is considering co-investing in partnership with
KKR and the banks.
The platform will provide fresh long-term capital and operational
expertise to large Greek corporate borrowers helping them stabilize,
recover and grow for the benefit of all stakeholders. The Greek banks
will share in the upside as the businesses' performance recovers.
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