Intrakat’s highlights include its outstanding performance in the shipyards, success in the Aegean rally, and notable investments in ADMIE.
Intrakat achieved another milestone as its market capitalization surpassed half a billion euros yesterday, breaking yet another record. The company’s stock has surged over 100% since the beginning of the year, reaching new all-time highs almost daily. This impressive performance reflects the investors’ strong vote of confidence in Alexandros Exarchou, the company’s growth, and its future prospects.
Intrakat’s management remains steadfast in generating shareholder value and implementing its strategic development plan, which has garnered significant attention from the investing public.
On the Greek side, including the political leadership, GEETHA, GDAEE, and the Navy, there is a clear determination to explore alternative solutions if the conditions for returns are not met in the corvette program after the French’s return. The Greek side has earmarked €95-100 million for refunds from the corvette program to be used for upgrades in domestic shipyards, and an additional €55-70 million in refunds for “transfer of technology” as part of their offer to the contractors.
Together, these refunds account for approximately 10% of the contract’s value, making them a crucial factor in the decision-making process. The final proposals of interested parties will be evaluated based on the “Go,” “no-Go” criteria for the entire construction of the 2+1 corvettes in Greece.
If these criteria are not met in the proposals, it implies that the Greek side may implicitly reject the offer, paving the way for exploring alternative solutions and proceeding with the program.
