IDEAL Holdings: Close to a new acquisition

IDEAL Holdings is adjacent to a caller acquisition, with a timeline extending to June, its Chairman of the Board, Lambros Papakonstantinou, said speaking astatine the Delphi Economic Forum XI.

Papakonstantinou noted that IDEAL Holdings will proceed to put and deploy superior successful Greece. Referring to the company’s operating model, helium explained that it targets bulk stakes successful ample companies, typically aiming to put astatine slightest a three-digit cardinal amount, based connected a “buy, physique and grow” strategy. The focus, helium stressed, is connected Greek companies with the imaginable to grow internationally.

“We look astatine Greek companies that person the capableness to grow abroad,” helium said, adding that processes to tap overseas markets person go much complex, with concern horizons present typically ranging betwixt 5 and 7 years. “We will proceed to stay successful Greece, deploy superior and invest,” helium concluded, noting that the state offers a highly skilled workforce and that entrepreneurship is embedded successful the Greek “DNA”.

“Oil prices will not instrumentality to 60 dollars per barrel”

Papakonstantinou underlined that concern enactment is unlikely to slow, arsenic opportunities stay consistently present. However, helium pointed retired that the existent geopolitical situation is making decision-making progressively challenging, warning that conditions are expected to go adjacent much hard implicit the adjacent six months.

As helium noted, careless of whether an contiguous solution is recovered to the Middle East crisis, lipid prices are unlikely to instrumentality to 60 dollars per barrel. This caller situation is expected to interaction Europe and, by extension, Greece, making changeless vigilance and adaptability essential.

“Greece successful 2026 is not the Greece of 2015 oregon 2019”

Focusing connected concern opportunities successful the country, Papakonstantinou stated that Greece has present go an charismatic destination, having regained investment-grade status and undergone structural reforms.

“Greece successful 2026 is not the Greece of 2015 oregon 2019. Investors person entered the market, though not ample strategic investors. Most are either concern funds oregon entities that person acquired Greek assets with an planetary footprint,” helium said.

He besides expressed the view that Greece will stay charismatic for concern arsenic agelong arsenic governmental stability is maintained, alongside authorities measures and the affirmative wide climate. He concluded that there is ample superior globally seeking returns.