Folli Follie


Folli Follie shares suspended. Creditors demand additional collateral.

Comments

Post a Comment

Popular posts from this blog

PPC

According to electricity market operator’s (LAGIE) latest report for electricity market,  PPC’s retail market share  in April fell to 82% from 82.75% in March. The three largest independent retailers (Heron 3.98%, Elpedison 3.63% and Mytilineos 3.72%) witnessed small changes in their market shares.  Recall that PPC’s market share (according to targets set by the MoU signed between Greece and foreign creditors) should fall below 62.24% by the end of 2018 and below 50% by the end of 2019, however it is likely that these targets will be revised upwards as creditors appear to accept Energy Ministry’s proposal to exclude HV and energy intensive MV customers from the market share calculation.
Read more

Piraeus Bank

Piraeus   Bank  is in exclusive talks with Czech APS Holding over the possible sale of a EUR 2.2bn unsecured NPL portfolio (project Arctos). The portfolio has a gross book value of c. EUR 400m. According to previous reports, the portfolio includes c. 220k credit card and consumer loan NPLs, with 50% of these ranging from EUR 1,000 to 5,000. Recall that the bank has recently said that NPL sales should be capital accretive with this sale seen adding some 10bps to group’s CET1 ratio, possibly from a reduction of RWAs. 
Read more

FF GROUP

FF Group  CEO affirmed its willingness to provide collaterals to Greek banks for the part of their loans that are not guaranteed. Same source mentions that Mr. Koutsolioutsos accepted to put as collateral to the company’s bank loans the equity participation in Dufry AG and Attica Department Stores. According to Kathimerini, the exposure of Greek banks to FF’s debt is EUR 50m, without taking into account any other credit lines or facilities.
Read more