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Greek regulator fines companies 17,000 euros for reporting violations
๐Ÿ‡ฌ๐Ÿ‡ท Greece /Economy & Trade

Greek regulator fines companies 17,000 euros for reporting violations

From Ta Nea · () Greek

Translated from Greek, summarized and contextualized by DistantNews.

At a glance

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  • The Hellenic Capital Market Commission fined three companies a total of 17,000 euros for financial reporting violations.
  • PROODEFTIKI ATE received a 10,000 euro fine for delayed disclosure of its 2025 annual financial report.
  • ALPHA BANK AE received approval to exercise its squeeze-out right on ALPHA TRUST SYMETOCHON AE shares.

The Hellenic Capital Market Commission imposed fines totaling 17,000 euros on three companies during its board meeting. PROODEFTIKI ATE was fined 10,000 euros for failing to promptly disclose and submit its annual financial report for the 2025 fiscal year.

Additionally, KILINDROMYLOI K. SARANTOPOULOS AE was fined 5,000 euros for preparing its 2023 annual financial statements in a manner not compliant with International Financial Reporting Standards (IFRS). EPฤฐLEKTOS KLOSTOYFANTURGIA AEBE received a 2,000 euro fine for non-compliant financial statements for the period of July 1, 2023, to June 30, 2024.

In a separate decision, the commission approved ALPHA BANK AE's request to exercise its squeeze-out right on the shares of ALPHA TRUST SYMETOCHON AE, as per Article 27 of Law 3461/2006. This action allows ALPHA BANK to acquire the remaining shares it does not already own.

DistantNews Editorial

Originally published by Ta Nea in Greek. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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