Greek listed companies under investigation

Athens-listed companies Ellaktor and Intracom Holdings said on Monday they are being investigated, among other firms, by the Hellenic Competition Commission for projects awarded by the state in past years.

Both companies said at this stage it is not known when the investigation will be completed and can’t speculate on its outcome or possible effect on their finances.

The companies added that according to the Greek law, a possible fine can reach up to 10 percent of a company’s turnover for the year the violation stopped.

[Reuters]