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UK & US investors regain appetite for Greece

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Exotix has concluded a two-day investor road-show in Athens, Greece with five UK, seven US and one Russian fund – with a collective pool of AUM of over USD40bn –partaking in a series of

Exotix has concluded a two-day investor road-show in Athens, Greece with five UK, seven US and one Russian fund – with a collective pool of AUM of over USD40bn –partaking in a series of meetings with corporates and policy makers to discuss the outlook for the Greek economy.
 
The participation of these funds marks an important change in sentiment towards Greece. The fear of a sovereign default turned away investors in their droves, shrinking equity markets and turning corporate debt markets illiquid. Sign of renewed investor appetite is welcome news to undervalued Greek corporates that have struggled to gain access to capital throughout the debt crisis.
 
George Zois, Head of Greek Equities & Capital Markets, at Exotix, commented “With the fear of a ‘Grexit’ diminishing, investors are waking up to the opportunities on offer in Greece. Many Greek corporates are eager to gain access to much needed capital and such companies represent genuine growth opportunities for experienced investors.
 
"The road-show was a great success and we were proud to showcase some of Greece’s best companies to a quality investor pool. We hope that this growing interest marks an important step in the rejuvenation of Greek capital markets”.
 
The series of talks saw international investors meet with select Greek corporates including Motor Oil, OTE, Mytilineos & Metka, Intralot and Frigoglass.
 
In addition, investors were briefed by the Hellenic Privatization Fund, Ministry of Development, as well as representatives from the Public Debt Management Agency, National Bank of Greece and Eurobank. Collectively, attendees were given insight in to the opportunities and challenges in Greece today, as it continues to ride the stormy waves currently rocking the wider Euro zone.

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