Greece, Blue Circle's other major European market since it acquired Heracles General Cement and Halkis
Cement for pounds 391 million in April, saw sales up four per cent but warned that a weakening Greek drachma against sterling would hit earnings.
Currently, Ideal Telecom has installed a network of seventeen Clarent Gateways throughout Greece in Athens, Thessaloniki, Larissa, Patras, Heraklion (Crete), Kavala, Volos, Agrinio, Rhodes, Chios, Corfu, Argos, Halkis
, Chania (Crete), Mykonos, Ioannina, and Ptolemais.
Blue Circle Industries, the cement maker fighting the final stages of a hotly contested bid from the French Lafarge, announced yesterday that the Greek Competition Committee has cleared its own acquisition of a controlling stake in Greece's Heracles & Halkis
It is buying controlling stakes in Heracles and Halkis
, two of Greece's biggest cement producers, from Italian group Compart.
In late May Blue Circle paid pounds 400 million for a controlling interest in Greece's biggest players Heracles and Halkis