More than 90 companies have withdrawn from the Athens Stock Exchange since 2009
- Written by E.Tsiliopoulos
More than 90 companies have withdrawn - or have started the relevant procedures - from the Athens Stock Exchange since 2009, as a result of the crisis but mainly of the decision of the administrations to divest themselves from the domestic capital market.
These are mainly the Greek branches of multinational corporations as well as historical groups - such as Titan.
The great uncertainty at the time of the crisis, the bad situation in Greece, the stigma of Greek risk, and the large decline in the creditworthiness of the big Greek companies led many - especially multinationals - to activating measures to limit Greek risk.
Now, no multinational affiliate will have listed shares in the ASE, which is also a negative development, degrading the Greek capital market.
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