Market Daily News for 07-Oct-2022

Daily headlines

* Greece might be upgraded in today’s scheduled credit rating review

* PPC (DEHr.AT – PPC GA): one-off windfall profits tax bill for electricity generators to be finalised in November, government mulls similar scheme for suppliers from August 2022 onwards

* Greece to tax by 33% refiners’ windfall profits of FY22

* Jumbo (BABr.AT – BELA GA) Sep sales grew 7% (3% beat), 11% above Sep’19, on solid Greece, bringing Jan-Sep bill 11% higher (8% ahead of 9M19)

* GEK Terna (HRMr.AT – GEKTERNA GA) eyes 20% stake in the Greek Ariadne Interconnection

* Mytilineos (MYTr.AT – MYTIL GA) and GEK Terna (HRMr.AT – GEKTERNA GA) bid for €120m worth of construction work at Ellinikon

* Privatisations update: €84m proceeds from Igoumenitsa port

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