GREECE: Kanakis starts trading shares on Athens Stock Exchange
Baker and confectioner Stelios Kanakis is to start trading its shares on the Parallel Market of the Athens Stock Exchange (ASE) tomorrow [Thursday]. According to Euro2day, the Greek firm will trade a total of 6,250,000 nominal common shares at a par value of €0.3 (US$0.302). The shares will start trading at €3.1.
According to Euro2day, the Greek firm will trade a total of 6,250,000 nominal common shares at a par value of €0.3 (US$0.302). The shares will start trading at €3.1.
Kanakis raised a total of €3.9m during its initial public offering (IPO). The company said it will use €1.8m to repay bank debts.
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