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3 clusters · 14 sources · 20 days · First seen · Last updated

Motor Oil reinstatement in MSCI Greece Index

Overview

Motor Oil is set to rejoin the MSCI Greece Standard Index as its tenth constituent, effective September 1, following the August 31 rebalancing. This return follows its removal in August 2024. The company’s market capitalization has grown toward 6 billion euros, with a free float estimated at approximately 3.53 billion euros, meeting the requirements for the Standard Index.

This rebalancing is expected to trigger significant capital inflows. Market estimates suggest inflows of approximately €200-250 million, while Goldman Sachs projects net passive inflows of approximately $187 million. As a result of this shift, Motor Oil will exit the MSCI Greece Small Cap Index, making room for Kri Kri.

The stock has experienced a major resurgence, recently reaching historical highs near €62. This follows a period of strong financial performance, with the group reporting significant revenues and net profits in the first half of the year.

Concurrently, Motor Oil and HELLENiQ ENERGY are facing political pressure regarding refinery profits. Six EU nations—Germany, Spain, Italy, Portugal, Poland, and Austria—have requested discussions on a mechanism to tax windfall profits from oil companies. Motor Oil leadership has opposed potential emergency taxation. Deputy CEO Petros Tzannetakis has argued that such measures would penalize an export-oriented business model that ensures fuel security for Southern Europe.

Entities

MSCI · Motor Oil · Athens Stock Exchange · Greece · Goldman Sachs

Timeline

  1. 14 days ago

    [BUSINESS] 5 sources
    Motor Oil returns to MSCI Greece Standard Index

    Motor Oil is returning to the MSCI Greece Standard Index, expected to trigger massive capital inflows amid record stock prices and ongoing European debates regarding windfall taxes on refinery profits.

  2. about 1 month ago

    [BUSINESS] 8 sources
    Motor Oil returns to MSCI Greece Standard Index

    Motor Oil returns to the MSCI Greece Standard Index as its tenth constituent, effective September 1. Kri Kri joins the Small Cap index as Motor Oil moves up from that category.

  3. about 1 month ago

    [BUSINESS] 5 sources
    MSCI Index rebalancing and Greek market trends

    Greek markets await the August 12 MSCI index rebalancing, specifically regarding Motor Oil's potential inclusion. Meanwhile, OECD warns of water security risks and EU border systems cause airport delays.

Sources

banks.com.gr · businessdaily.gr · energymag.gr · insider.gr · jaworznianin.pl · lawforall.co.za · mononews.gr · nabu-bw.de · newmoney.gr · ot.gr · powergame.gr · protothema.gr · terraavista.blogosfera.uol.com.br · tovima.gr

This summary has been updated 3 times: see revision history