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magazine for Greek Finance

Transcript of Business Review

  • FINANCIAL

    To .. 10-11

    sTrATegy

    business plans 16

    shIppINg

    12

    01 IOYNIO 2012

    Financial trading shipping news wealth management trading shipping wealth management trading shipping

    -

    Hutchison

    Cosco, MSC, ICTSI funds

    business reviewGreek banking, shipping, Trade & Finance

  • IOYNIO 2012 I BUSINESS REVIEW I 3

    , - ,

    - , in limbo.

    , -, , , ( ) - , business plan .

    , , - Euro OverNight Index Average EONIA. - Long-term refinancing operations LTRO , , .

    , -.

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    - - , - - -, -.

    - . ,

    , . - Extremistan ( Mediocristan , , business as usual) - Nassim Nicholas Taleb The Black Swan: The

    Impact of the Highly Improbable.

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  • 4 I BUSINESS REVIEW I IOYNIO 2012 IOYNIO 2012 I BUSINESS REVIEW I 5

    - 2010 2011.

    , - ( ...) 475.000 - 2009. - 165.000 15 . . .

    .... e-mail 60.000 - - . 9

    2005-2009. , , .

    .. . 15.000 -.

    , 59% - - Journal du Dimanche.

    59%

    Citigroup, " " " ".

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    , - SPD .

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    good bad bank TEBank

    - , . , - , ATEBank. - .

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    -, short Chicago Mercantile Exchange, - Commodity Futures Trading Commission (CFTC).

    6 - , traders short 27%, 22,4 . , 33,4 . , .

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  • 6 I BUSINESS REVIEW I IOYNIO 2012 IOYNIO 2012 I BUSINESS REVIEW I 7

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    . , ( Merkel, Hollande, Monti, Rajoy), - , 130 ., , Fr. Hollande . Draghi.

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    Millennium bank - , 21 2012, .

    5%

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    28 29 . , . , . .

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  • 8 I BUSINESS REVIEW I IOYNIO 2012 IOYNIO 2012 I BUSINESS REVIEW I 9

    , , -

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    , - Citigroup. -

    , . 17 -, , Citigroup. - , .

    , , .

    , Citigroup - . , , - . ,

    - .

    - , . Citigroup, 60% - 50-60% .

    , , , . , 400% 2013. 2015.

    - , 7,4% 10% 2013, 20% 2013-2014. 2014-2015, , 4-5%. , 2016, - 20% , 2007.

    Grexit Geuro Grexit, Geuro, . , .

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    . . - Grexit. , , . , . Tokyo Mitsubishi-

    , , .

    Citigroup: , 1/1/2013

  • 10 I BUSINESS REVIEW I IOYNIO 2012 IOYNIO 2012 I BUSINESS REVIEW I 11

    Morgan stanley:

    50-50 , - Credit Suisse. 8 10 , 17 , . , , Credit Suisse, .

    . 50% 1/2 . , , ,

    10% .

    30% . , 50% 30%.

    25% (.. ), .

    2,5% 2011. , .

    , , 2,5% .

    - . , Morgan Stanley.

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  • 12 I BUSINESS REVIEW I IOYNIO 2012 IOYNIO 2012 I BUSINESS REVIEW I 13

    H - -

    , -, private equity funds special acquisition vehicles. - - distressed

    funds

    deals.

    , , .

    Oaktree Capital GenMar Icon Capital - . .

    funds, Morgan Stanley JP Morgan, -

    , .

    - - .

    - , private equities -

    funds.

    , , 50 . special acquisition vehicles (SPAC) fund Perella Weinberg Partners - Prime Marine

    , . Star Bulk fund Nautilus Marine Acquisition Corp

    . fund First Maritime Fund Ltd, Naftilia Asset Management George Elliott.

    SPAC International Shipping Enterprises Inc. Navios.

    deal .

    -

    - .

    . Euroseas funds Eton Park Capital Management Rhone Capital III.

    CEXIM 6 . .B

  • 14 I BUSINESS REVIEW I IOYNIO 2012 IOYNIO 2012 I BUSINESS REVIEW I 15

    Task Force, , , .

    - - Hutchinson . Cosco - Mediterranean Shipping Company.

    - , Hutchison -

    Hutchison Cosco, MSC, ICTSI funds - -

    - .

    - - - .

    road show Hutchison - , . Hutchison

  • 16 I BUSINESS REVIEW I IOYNIO 2012 IOYNIO 2012 I BUSINESS REVIEW I 17

    2008 419 . Cosco Pacific LTD.

    - - APM Terminals

    . APM Terminals 2012 700 - , 28 , 130 . .

    - 6 600 ,

    , . . - .

    - - ( ) -. - , , - - . - .

    - - car terminal .

    C o s c o Hutchison - International Container Terminal S e r v i c e s I n c . (ICTSI), - Reuters -

    500 . . wish list.

    - funds - - Invest in Greece

    .

    -