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ATHEX: We Must Attract Investment Capital

No last-minute cancellations by foreign institutional investors came up in the two-day roadshow organized by Hellenic Exchanges in the central buildings of Thomson-Reuters in New York. 

Eventually 15 listed big capitalization companies (National Bank, Alpha Bank, Coca Cola 3E, Eurobank, Folli-Follie, Intralot, Marfin Popular Bank, Motor Oil, Bank of Cyprus, OPAP, Mytilineos , Piraeus Bank, Ellaktor, while ATEbank and Frigoglass cancelled their participation) took part in the roadshow, with their executives meeting more than eighty fund managers of international investment groups.

Approximately 300 meetings took place, with the progress of Greek economy being the central topic, focusing on the measures to reduce state deficit and boost competitiveness. However, foreign executives emphasized also on the prospects and the investment plan of each company separately, according to participants.

On the sidelines of the roadshow, the president of Athens Exchange and Hellenic Exchanges CEO Socratis Lazaridis told that the Greek economy is undoubtedly in the epicenter of international publicity. “We must turn this into a competitive advantage for us to position ourselves successfully in the global competition for the attraction of investment capital and absorption of international liquidity”, he stated.

Moreover, Greek Finance Minister Giorgos Papakonstantinou, who could not attend the roadshow because of negotiations with the troika, emphasized on Greece’s efforts to reduce state deficit, improve economic indicators and implement a series of structural reforms. He stressed that the country seems to rebound following the deep recession in 2010. 

Referring to privatization, the minister said that the program would allow foreign and domestic investors to access and modernize key sectors of Greek economy.
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