Jun, 17 2014 More specifically, they are interested in Greece’s tourism, real estate, energy, banks and logistics.US funds are interested in Greece’s tourism, real estate, energy, banks and logistics, based on the findings of the Hellenic Exchanges (HELEX) third international road show held in New York.
According to the head of the American-Hellenic Chamber of Commerce Simos Anastasopoulos, US investors have expressed interest in the acquisition of hotels as well as for investments in logistics.
Both Anastasopoulos and Socrates Lazaridis, HELEX CEO and chairman of the Athens stock exchange, estimated that fund inflows should be seen towards the end of the year, reflecting the increased interest of US investors in Greece’s economy.
Some 61 funds and 160 analysts participated in this year’s road show, while 543 meetings with Greek listed companies’ representatives took place. New funds corresponded to over 60 percent of the participants.
Lazaridis pointed out that the next objective would be a coordinated effort for the support of dynamic small and medium-sized enterprises, while there would be an effort for those companies to be financed by international funds. The reason for that, he said, is that US investors have been looking to invest in smaller companies.
There can be no development without the inflow of foreign capital, Lazaridis noted, and this can be achieved either through share capital increases or capital inflows by funds.
He also said that no investor assessed the stock market’s downgrade negatively, but, as the road show participants noted, the downgrade was beneficial to the market.
Posted by newsroom in Economy
