Blockchain
Intrakat Group Emerges as Greece’s Second Largest Construction Powerhouse through Aktor Acquisition
London, United Kingdom–(Newsfile Corp. – May 24, 2023) – Intrakat Group, an industry leader in Greece’s construction, infrastructure, renewable energy, real estate development, concessions/PPPs, and waste management sectors, has taken a major leap forward by acquiring Aktor. This strategic move has propelled Intrakat Group to solidify its position as the second largest construction company in Greece, with an impressive portfolio of projects exceeding €4 billion.
Intrakat Group Emerges as Greece’s Second Largest Construction Powerhouse through Aktor Acquisition
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With a steadfast commitment to strategic growth and investment, Intrakat Group has already established a robust presence across its targeted sectors and has ambitious plans for further expansion in the years ahead. The Group’s recent acquisition of the Apanema Resort in Mykonos Town exemplifies its dedication to transforming properties into cutting-edge luxury boutique hotels. Additionally, since the beginning of 2022, Intrakat has successfully operated the prestigious “Xenodocheio Milos,” a 5-star hotel located in the heart of Athens.
Looking ahead, the Group is gearing up to participate in the bidding process for the new concession of the Attiki Odos, forming a 30% joint venture with BRISA, a prominent European company with extensive expertise in managing road networks and motorways.
Recognizing the importance of sustainable energy and the green transition, Intrakat Group is making strategic investments in Renewable Energy Sources (RES), which will be a key growth driver and investment priority. With an existing portfolio of RES projects boasting a capacity of 1.8 GW and electricity storage projects of 0.7 GW, the Group is poised to tap into Greece’s potential for offshore wind farms, collaborating with Parkwind, a company renowned for its experience in similar ventures.
Beyond renewable energy, Intrakat Group aims to bolster its presence in real estate and tourism infrastructure, focusing on the development of luxury hotels and residential units in coveted destinations such as Mykonos, Santorini, Paros, Syros, Athens, and Crete.
“We are thrilled to take this significant stride for Intrakat Group, solidifying our position as Greece’s second largest construction company. This acquisition will enable us to expand our capabilities and geographic reach while maintaining our commitment to delivering high-quality services to our clients,” stated Alexandros Exarchou, CEO of Intrakat Group.
The acquisition of Aktor marks a pivotal milestone in Intrakat Group’s growth strategy, with its unwavering focus on strategic investments and clear direction expected to drive stable financial flows and establish the Group as a market leader in Greece for years to come.
This announcement highlights Intrakat Group’s unwavering dedication to expanding its presence across sectors, while cementing its status as a major player in Greece’s construction and infrastructure markets. Catering to business investors and those seeking growth opportunities, Intrakat Group is poised to deliver on its commitment to strategic investments, clear direction, and exceptional service across various sectors, solidifying its position as a prominent force in Greece’s construction and infrastructure realms.
About Intrakat Group
Intrakat Group is a leading player in Greece’s construction, infrastructure, renewable energy, real estate development, concessions/PPPs, and waste management sectors. Guided by a clear strategic vision and investment orientation, the Group actively strives to expand its business footprint, boasting a formidable presence across targeted sectors. With a turnover of €225 million and €365 million in asset value, Intrakat Group is primed for growth, backed by a robust backlog of projects exceeding €4 billion. Intrakat Group remains committed to strategic investments, clear direction, and delivering top-notch services to clients across diverse sectors, solidifying its position as a key player in Greece’s construction and infrastructure markets.
Media Contact
Company Name: MEDIAIMPACT
Person Name: ANGELA WHITE
Email: [email protected]
Phone: +441632960450
Address: Mayfair
City: London
Country: United Kingdom
Website: https://www.mediaimpact.io/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/167276
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
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