Hellenic Duty, Marfin Investment, Opap: Greek Equity Preview

The following stocks may be active in the Greek market. Symbols are in parentheses after company names and prices are from the previous close.

The benchmark ASE Index lost 22.67, or 1.6 percent, to 1,373.91. The FTSE/ASE 20 Index of the country’s biggest companies declined 1.8 percent to 640.05. The Cypriot General Index dropped 3.5 percent to 976.25.

Hellenic Duty Free Shops SA (HDF GA): Today, 60.59 million shares in the group formed by the airport and port retailer’s merger with Folli-Follie SA (FOLLI GA) and Elmec Sports SA (ELME GA) start trading. Separately, Proton Bank’s adjusted price estimate for the new group is 13.2 euros from 12.3 euros. Hellenic Duty stock rose 7.7 percent to 11.81 euros.

Marfin Investment Group SA (MIG GA): Andreas Vgenopoulos, chairman of southeast Europe’s biggest buyout fund, acquired 300,000 shares in the company, according to an Athens bourse filing. The stock lost 3 percent to 65 cents.

Opap SA (OPAP GA): The agents’ union of Europe’s biggest listed gambling company will stage a 48-hour strike starting today, in protest of the government’s taxation policies. The shares declined 3.9 percent to 12.35 euros.

To contact the reporter on this story: Natalie Weeks in Athens nweeks2@bloomberg.net.

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.