A wave of investment totaling over €78 billion has revitalized the Greek economy in the last 12 months, signaling a robust recovery from the long-term economic crisis.
This influx of capital, including funds, bonds, bank loans, Recovery Fund resources, and NSRF investments, has fueled a surge in market activity, marked by acquisitions, mergers, IPOs, and ambitious business plans. The Athens Stock Exchange has played a central role, facilitating nearly €14.5 billion in transactions and solidifying its position as a key driver of economic growth.This resurgence is evident in the flurry of activity among listed companies, both large and small. Since Q4 2023, at least 50 transactions, including share placements and capital increases, have reignited investor interest, boosting daily trading values and stock marketability. Key examples include UniCredit's acquisition of a 9% stake in Alpha Bank, the Prokopiou family's purchase of 2% of Lamda Development, and the transfer of 27% of Intercontinental to BriQ. Shipbuilding funds have also entered Q&R, further diversifying the investment landscape.Takeovers and public proposals, while potentially delisting some companies, have injected significant liquidity into the market. Investors reaped over €3 billion in deals involving Terna Energy, Epsilon Net, Entersoft, and Reds. Meanwhile, share capital increases and IPOs have added €1.2 billion in fresh capital to listed companies, with five new companies joining the Athens Stock Exchange since October 2023, raising over €1 billion.Corporate bonds have offered additional investment opportunities, with three new securities totaling €430 million introduced in the last 12 months. Furthermore, non-negotiable bonds from Metlen and PPC, amounting to €750 million and €600 million respectively, have further strengthened the market's financial foundation. This sustained inflow of capital demonstrates growing confidence in the Greek economy, fostering resilience and paving the way for a healthy and sustainable future.
