Athens News Agency: News in English, 01-01-17

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From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] Heracles Cement-new chairman

[02] Flexopack-new acquisition

[01] Heracles Cement-new chairman

Petros Doukas, a former deputy finance minister, was elected as chairman of the board in AGET Heracles Cement, a company statement said on Wednesday.

It is the first time since 1992, when Heracles was bought by a multinational group, that the main shareholder (BCI) proposed a Greek to head the company's board.

Doukas will take over from Rick Haythornthwaite, who took over as interim chairman in April 2000.

BCI had committed to electing a Greek chairman to its board. A company statement said Mr. Doukas presence would contribute decisively in the implementation of the company's development programme.

[02] Flexopack-new acquisition

Flexopack AEBE on Wednesday announced the purchase of a 50 percent equity stake in plastics manufacturer Dimitrakopoulos Bros AEBE for an undisclosed sum.

Dimitrakopoulos is specialised in the production of special packaging materials.

A Flexopack statement said the deal would result to significant benefits for both companies.

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