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22ndannualcapital

Lamda Development has faith in greek economy

At a time when some firms are moving shop to other countries, Lamda Development is reinforcing its position on the Greek market.

Listed firm Lamda Development proceeded to buy up its own shares after the relevant decision taken at the last stockholders meeting . As became known from Athens Stock Exchange authorities during the sessions of 22 and 23 October Lamda Developmentbought 6,427 own shares.

The move by Lamda Development is interpreted as one more act of trust in the company's prospects, but also in the prospects of the economy generally. The move comes on top of the 150 million euro capital increase the company realized recently, showing that the firm tuly believes in what it tells shareholders.

At a time when other firms move their headquarters abroad, LAMDA is one of the few firms that despite the crisis are staying true to their word.