Blockchain
Intrakat Group Solidifies Position as Second Largest Construction Company in Greece Following Aktor Acquisition
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.
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.
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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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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