Latest news with #Greece-based
Yahoo
2 days ago
- Business
- Yahoo
UniCredit to raise stake in Greece's Alpha Bank
Italian banking group UniCredit has entered into financial instruments with primary investment banks for the acquisition of an additional 9.7% stake in Greece-based Alpha Services and Holdings, which is the parent company of the Alpha Bank Group. Alpha Bank Group offers a variety of financial products and services in both domestic and international markets. The transaction price reflects a discount compared to Alpha's previous closing share price, stated UniCredit. The physical settlement of these instruments is contingent upon obtaining the necessary regulatory approvals. Along the 9.6% currently held, UniCredit's overall positions in Alpha will total around 20%, enabling to equity consolidate and therefore 'better reflect the positive contribution of the strategic partnership', stated UniCredit. The bank plans to file the required regulatory documentation to secure a stake in Alpha that exceeds 10% and could reach up to 29.9%. This transaction is projected to yield an additional net profit of approximately €180m ($203m) annually, which UniCredit intends to distribute to its shareholders in accordance with its established distribution policy. UniCredit CEO Andrea Orcel said: 'This step strengthens our successful partnership with Alpha, which has already delivered value well in excess of expectations. And there is much more to come. We have confidence in Alpha's leadership, their strategy, and Greece's growth trajectory. 'Throughout this partnership, our engagement with Greece's government and leading institutions has been extremely positive. Their approach and support has contributed significantly to the partnership's success, and to this further investment.' The completion of the acquisition is anticipated by the end of 2025 and is expected to affect UniCredit's CET1 ratio by around 40 basis points. Last month, UniCredit announced it cannot finalise its public exchange offer for Banco BPM due to conditions set by the Italian government, outlined in a decree from the Presidency of the Council of Ministries under the Golden Power process. "UniCredit to raise stake in Greece's Alpha Bank" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Diana Shipping: Q1 Earnings Snapshot
ATHENS, Greece (AP) — ATHENS, Greece (AP) — Diana Shipping inc. (DSX) on Thursday reported profit of $3 million in its first quarter. On a per-share basis, the Athens, Greece-based company said it had net income of 1 cent. The shipping company posted revenue of $54.9 million in the period. Its adjusted revenue was $52 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on DSX at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Diana Shipping: Q1 Earnings Snapshot
ATHENS, Greece (AP) — ATHENS, Greece (AP) — Diana Shipping inc. (DSX) on Thursday reported profit of $3 million in its first quarter. On a per-share basis, the Athens, Greece-based company said it had net income of 1 cent. The shipping company posted revenue of $54.9 million in the period. Its adjusted revenue was $52 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on DSX at
Sydney Morning Herald
5 days ago
- Entertainment
- Sydney Morning Herald
A playful meditation on the hellscape of contemporary literature
FICTION I Want Everything Dominic Amerena Summit, $34.99 Ern Malley. Helen Demidenko. Norma Khouri. Wanda Koolmatrie. Australia has a rich and storied tradition of fakers, forgers, frauds and fabricators. For his debut, Greece-based Dominic Amerena offers us a worthy addition to this gallery of fiasco-mongers: an insecure, craven, sickly and mercifully unnamed narrator. Peddling his blood and body at a hospital while attempting to succeed as a writer, his existence is dreary. He envies his 'Melbourne-famous' writer partner, Ruth, who has found acclaim selling a story about her mother. The family betrayal benefits her career and introduces a new term to the world: daughter-boarding – 'hit pieces by young women against their mothers'. Given the precarity of the artistic landscape, only a fool would not take an opportunity for advancement, and the narrator is no fool. Swimming at the Victoria University pools, he encounters Brenda Shales. A Whitlam-era luminary – part Thea Astley, part Helen Garner – she wrote two novels, won a cult following and promptly vanished into the only dignified position available to a self-respecting literary author: obscurity. The work speaks, as they say, for itself. Only that's not enough for an unnamed narrator looking to make his name. Who better to provide prestige than a recluse with some flesh to offer the biographical mill? It's not quite spotting Christ on the boulevard, but it will do. He sets about writing a tell-all account of what happened to the celebrated author. He will be her witness, her confidante. The Boswell to her Johnson. He will bask in the secondhand shadow of her literary light. He will build his fame upon hers. Coy, winking, spritzy, this is a scurrilously funny meditation on ambition and economic insecurity. It satirises the commercialised hellscape of contemporary literature, if not life in general: no pleasure, no heart, just product. Take Shales' reputation-solidifying second novel, The Widowers. Passed around Carlton share houses 'like some graven object', its publication results in courtroom wranglings and the advent of questionable legal precedent. It is, we are told, controversial in a way that Amerena calls 'unimaginable now'. It's a telling detail. It suggests not only changing social mores, but a shift in how literature is received. What was once epoch-making is now merely content. Debase yourself for the algorithm or die trying. 'The world is a vampire,' the Smashing Pumpkins sang. Even if it were untrue, you would have a hard time convincing Amerena's narrator.
The Age
5 days ago
- Entertainment
- The Age
A playful meditation on the hellscape of contemporary literature
FICTION I Want Everything Dominic Amerena Summit, $34.99 Ern Malley. Helen Demidenko. Norma Khouri. Wanda Koolmatrie. Australia has a rich and storied tradition of fakers, forgers, frauds and fabricators. For his debut, Greece-based Dominic Amerena offers us a worthy addition to this gallery of fiasco-mongers: an insecure, craven, sickly and mercifully unnamed narrator. Peddling his blood and body at a hospital while attempting to succeed as a writer, his existence is dreary. He envies his 'Melbourne-famous' writer partner, Ruth, who has found acclaim selling a story about her mother. The family betrayal benefits her career and introduces a new term to the world: daughter-boarding – 'hit pieces by young women against their mothers'. Given the precarity of the artistic landscape, only a fool would not take an opportunity for advancement, and the narrator is no fool. Swimming at the Victoria University pools, he encounters Brenda Shales. A Whitlam-era luminary – part Thea Astley, part Helen Garner – she wrote two novels, won a cult following and promptly vanished into the only dignified position available to a self-respecting literary author: obscurity. The work speaks, as they say, for itself. Only that's not enough for an unnamed narrator looking to make his name. Who better to provide prestige than a recluse with some flesh to offer the biographical mill? It's not quite spotting Christ on the boulevard, but it will do. He sets about writing a tell-all account of what happened to the celebrated author. He will be her witness, her confidante. The Boswell to her Johnson. He will bask in the secondhand shadow of her literary light. He will build his fame upon hers. Coy, winking, spritzy, this is a scurrilously funny meditation on ambition and economic insecurity. It satirises the commercialised hellscape of contemporary literature, if not life in general: no pleasure, no heart, just product. Take Shales' reputation-solidifying second novel, The Widowers. Passed around Carlton share houses 'like some graven object', its publication results in courtroom wranglings and the advent of questionable legal precedent. It is, we are told, controversial in a way that Amerena calls 'unimaginable now'. It's a telling detail. It suggests not only changing social mores, but a shift in how literature is received. What was once epoch-making is now merely content. Debase yourself for the algorithm or die trying. 'The world is a vampire,' the Smashing Pumpkins sang. Even if it were untrue, you would have a hard time convincing Amerena's narrator.
