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Intrakat Group Solidifies Position as Second Largest Construction Company in Greece Following Aktor Acquisition

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London, United Kingdom–(Newsfile Corp. – May 2, 2023) – Intrakat Group, a leading player in Greece’s construction, infrastructure, renewable energy sources, real estate development, concessions/PPPs, and waste management sectors, has further strengthened its position with the acquisition of Aktor, becoming the second largest construction company in Greece with a backlog of projects exceeding €4 billion.

Intrakat Group Solidifies Position as Second Largest Construction Company in Greece Following Aktor Acquisition

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Intrakat Group’s growth plan is based on a clear strategic and investment orientation, with a focus on expanding its business footprint in the coming years. The Group already has a strong presence in all of its targeted sectors and will continue to expand further.

With a turnover of €225 million and €365 million in asset value, the Group’s most recent acquisition is the Apanema Resort in Mykonos Town, which will be transformed into a state-of-the-art luxury boutique hotel. Since the beginning of 2022, Intrakat also operates the 5-star “Xenodocheio Milos” in the heart of Athens.

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The Group is planning to bid for the new concession of the Attiki Odos by participating as part of a 30% joint venture with the Portuguese company BRISA, a European behemoth with vast experience in road networks and motorways’ management.

In the context of the green transition and the energy challenge, Intrakat Group is investing in Renewable Energy Sources, which will be an investment priority and a key growth driver, with stable financial flows for the coming years. Intrakat already has a significant portfolio of RES projects with a capacity of 1.8 GW and electricity storage projects of 0.7 GW. Moreover, as offshore wind farms are a great opportunity for Greece to increase the production of “green” energy, Intrakat has already formed a strategic alliance in this direction, with Parkwind, which has extensive experience in similar projects.

In addition to expanding its presence in the renewable energy sector, the Group plans to strengthen its presence in real estate and tourism infrastructure. Intrakat is focusing on developing luxury hotel and residential units in high-end tourist destinations such as Mykonos, Santorini, Paros, Syros, Athens, and Crete.

“We are excited to take this significant step forward for Intrakat Group and consolidate our position as the second largest construction company in Greece. This acquisition will enable us to expand our capabilities and our geographic reach, while continuing to provide high-quality services to our clients,” said Andreas Athanasopoulos, Intrakat Group’s CEO.

The acquisition of Aktor is a key milestone for Intrakat Group’s growth strategy, and the Group’s focus on strategic investments and clear direction is expected to drive stable financial flows and position it as a leader in the Greek market for years to come.

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Targeted at business investors and those interested in positive growth, this announcement highlights Intrakat Group’s continued commitment to expanding its presence in various sectors, while solidifying its position as a major player in Greece’s construction and infrastructure markets.

About Intrakat Group

Intrakat Group is a leading player in Greece’s construction, infrastructure, renewable energy sources, real estate development, concessions/PPPs, and waste management sectors. With a clear strategic and investment orientation, the Group is focused on expanding its business footprint and has a strong presence in all of its targeted sectors. With a turnover of €225 million and €365 million in asset value, the Group is well-positioned for growth with a backlog of projects exceeding €4 billion. Intrakat Group is committed to strategic investments, clear direction, and providing high-quality services to clients in various sectors while solidifying its position as a major player in Greece’s construction and infrastructure markets.

company: MEDIAIMPACT
contact name: ANGELA WHITE
address 1: Mayfair
address 2: 8 Shepherd Market
city: London
country: United Kingdom
website: https://www.mediaimpact.io/
email: [email protected]
phone: +441632960450

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/163858

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Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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