• On June 29, 2001, the President of CAMBAS S.A. announced during the Annual General Assembly that the real estate management activities of the HELLENIC TECHNODOMIKI, AKTOR, TEB Group will be gradually undertaken by CAMBAS S.A. The General Assembly of shareholders decided the following incentives that will reassure a development course for CAMBAS S.A.: CAMBAS will acquire a 50% stake in REDS from Elliniki Technodomiki, the company will acquire the equity stake of Elliniki Technodomiki in SEA , Attikoi Stathmoi S.A. at book value, the company will establish separate companies.
  • On June 27, 2001, during the General Assemblies of the subsidiaries of the ELLINIKI TECHNODOMIKI , AKTOR, TEB Group, important issues have been decided in relation to the imminent enactment of the law that involves the consolidation of construction companies. Having established the leading position in the construction sector, the Group proceeds to a partial replanning of its strategy by incorporating TEB to the production body of the Groups projects, thus further reinforcing its construction profile. In addition, the Group will gradually gather all the activities in developing the real estate of the Group under CAMBAS control, in which TEB will remain its main shareholder.
  • On May 7, 2001, Elliniki Technodomiki announced that wich HE&D S.A. which is the company active in development, financing and implementation of natural gas and power generation projects signed a strategic co-operation agreement with the Turkish company ENKA INSAAT VE SANAYI A.S. (ENKA). HE&D S.A. has been established INTRACOM S.A., ELLINIKI TECHNODOMIKI S.A. and AKTOR S.A. Based on this agreement signed by two parties, large energy projects will be commonly developed.
  • On May 02, 2001,the companies OTE S.A., ELLINIKI TECHNODOMIKI S.A. and AKTOR S.A. announced that signed a Memorandum of Understanding for the establishment of a joint-venture that will undertake the development of the real estate of the Hellenic Telecommunications Organization in Pallini, with 33% participation for each party. The projects total budget will reach 20 billion GrD and has been selected for the accommodation of the Mass Media (Journalist Village) for the needs of the 2004 Olympic Games.
  • On March 26, 2001, the Group announced that it acquired 50% of the construction company TOMI S.A. TOMI S.A. was established in 1985 and holds a 7th grade contractors degree. With this new business movement, the ELLINIKI TECHNODOMIKI, AKTOR, TEB Group reinforces its leading position in the construction market.
  • On February 23, 2001, the Group announced its 2000 financial results according to which the consolidated pre tax profits of Elliniki Technodomiki reached GrD 18.1 billion (EURO 53.1 million) versus GrD 17.3 billion (EURO 50.8 million) in 1999, showing an increase of 16.8%. Consolidated turnover reached GrD 148.2 billion (EURO 434.9 million) versus GrD 102.4 billion (EURO 300.6 million) in 1999, increasing by 44.7%. Turnover of the parent company, Elliniki Technodomiki reached GrD 66.3 billion (EURO 194.7 million) versus GrD 52.5 billion (EURO 154.2 million), increasing by 26.3%. Aktor's turnover reached GrD 51.9 billion (EURO 152.4 million) versus GrD 31.5 billion (EURO 92.4 million), showing and remarkable increase of 64.7%. TEB's turnover reached GrD 27.6 billion (EURO 81.1 million) versus GrD 14.9 billion (EURO 43.8 million), increasing by 85%. CAMBAS' profits before taxes amounted to GrD 186 million (EURO 0.5 million) versus a loss of GrD 670 million (EURO 1.9 million) in 1999.

IMPORTANT DEVELOPMENTS IN 2000

  • On December 12, 2000, the Group announced that despite the negative period for stock trading, its share capital increase was successfully completed, confirming one more time its potential, and the confidence of the shareholders in the possibilities of the Group for further development. Total proceeds from the share capital increase reached the amount of 44 billion GrD, through the issue of 40 million new shares, with terms of one new share for every old one and an issue price of 1,100 GrD for each share. After the share capital increase the company's equity amount to 142 billion GrD, the company's debit is fully paid off and the Group's total reserves (cash & bank) reached 50 billion GrD.
  • On November 27, 2000, the group announced nine month 2000 financial results. According to the financials, group's consolidated turnover reached 106.4 billion GrD and pre-tax profits amounted to 14.5 billion GrD. Especially important is the fact that the Group's profits are mainly operational. The turnover of Elliniki Technodomiki S.A. amounted to 48.8 billion GrD versus 36.9 billion GrD in the corresponding previous period, showing an increase of 32.3%. The company's pre-tax profit reached 8.8 billion GrD versus 8.4 billion GrD in the corresponding period of 1999, increasing by 4.8%.
  • On November 1, 2000, the General Assembly of Shareholders of TEB approved the merger with MESOGEA S.A. This merger creates new prospects for TEB and at the same time accomplishes one of the main goals that have been set by the management of the ELLINIKI TECHNODOMIKI-AKTOR-TEB Group: the establishment of a strong company that will be active in the Real Estate Development. At the same time are created additional prospects for CAMBAS S.A., the main shareholder of which from now on will be - TEB.
  • On September 21, 2000, the Extraordinary General Assembly of the shareholders of ELLINIKI TECHNODOMIKI decided a share capital increase in the amount of 44 billion GrD through a rights issue. Also decided was the share capital increase through capitalization of reserves and the distribution of bonus shares. Proceeds will be used towards the following: 1 - The participation of the company in large BOT projects that it has undertaken as well as in new projects that are about to be auctioned and claimed. 2 - For investments in the construction sector and mainly for the acquisition of other companies. 3 - For covering short-term liabilities resulting from the participation in the share capital increase of AKTOR S.A. 4 - For financing the acquisition of the shares of ETHINIKI REAL ESTATE as provided by the contract with NATIONAL BANK OF GREECE. 5 - For the penetration in new business sectors such as the energy, telecommunications and electronic commerce.
  • On August 29, 2000, the company announced first half 2000 financial results. Consolidated turnover of the Group reached 68.8 billion GrD versus 40.1 billion GrD during the previous first half, presenting an increase of 71.6%. Pre-tax profits reached 8.1 billion GrD versus 4.6 billion GrD in the corresponding previous period noting an increase of 76%. The spectacular increase in the financial results of the ELLINIKI TECHNODOMIKI-AKTOR-TEB Group is the result of many important projects that they have successfully undertaken. The most important of all is being involved in the Attiki Odos project. The unexecuted book order, based on signed contracts, exceeds 370 billion GrD.
  • On August 1, 2000, NATIONAL BANK OF GREECE and the ELLINIKI TECHNODOMIKI - Aktor SA - TEB SA Group of Companies announced that they have entered into a strategic alliance agreement providing for:
    • the acquisition, by National Bank of Greece, of a 5% holding in the share capital of Elliniki Technodomiki
    • the acquisition, by Elliniki Technodomiki, of a 5% holding in the share capital of NBG Real Estate Development Co.
    • the participation of one of National Bank's Deputy Governors in the Board of Directors of Elliniki Technodomiki, as well as the participation of one of the Managing Directors of Elliniki Technodomiki in the Board of Directors of NBG Real Estate Development Co.
  • On June 21, 2000, during the General Assemblies of shareholders, which took place yesterday, the management of the Group of ELLINIKI TECHNODOMIKI (HELr.AT) (ELTEX GA) -AKTOR-TEB noted that 1999 was an important year for the Group, since it was the undoubted leader in the construction market. At the same time, important perspectives opened up for the Group in other business fields, like the real estate and energy sectors, while the foundations for a growing business course have been set. The results from this ascending course of the Group are visible by the important increase of the Group's operating profits in the current fiscal year.
  • On June 14, 2000, a presentation was given by the Group:(Elliniki Technodomiki, AKTOR and TEB) to the Union of Greek Institutional Investors. This presentation is within the framework of a series of presentations to institutional investors describing the activities and potentials of companies listed on the Athens Stock Exchange. During the presentation of the Group, there was a detailed analysis of the Group's activities as well as future perspectives. Moreover, the Group aims to gain and secure a significant market share in the energy market. In addition, the Group also aims to further expand its presence in the real estate business, as well as to develop its services in sectors that the Group has already a significant presence in (such as construction, real estate, public services) and finally, to enter into the area of e-business.
  • On February 28, 2000, the company ratified a share capital increase through a rights issue and a bonus issue through the capitalization of reserves. More specifically, the following decisions were made:
    • share capital increase through a rights issue by 44 billion GrD. Moreover, the company will issue 20 million new common registered shares through a 5 for 10 rights issue at a subscription price of 2,200 GrD each.
    • share capital increase through a 5 for 10 bonus issue.