Markets & Finance|Companies|Foreign Affairs
Staff Writer|04.11.2011

Piraeus refutes information in Czech Position article

Czech Position has received a statement signed by Piraeus Bank’s deputy general manager, George Poulopoulos, refuting information published by wikigreeks.org and cited in Czech Position article “Greek tragedy for Czech PPF group: Piraeus Bank investment almost wiped out.” The bank says it has filed a libel suit against wikigreeks.org.

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Markets & Finance|Companies|Foreign Affairs
Tom Jones|01.11.2011

Greek tragedy for Czech PPF Group: Piraeus Bank investment almost wiped out

When Czech investment firm PPF Group announced it had acquired a 5.7% stake in the Greek bank Piraeus back on April 29, the share price stood at €1.10. In the aftermath of Greek Prime Minister George Papandreou’s announcement Monday that the recently agreed EU economic plan must be put to a referendum, Piraeus shares tumbled from €0.21 to €0.165 within minutes of markets opening in Europe.

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