AVAX Group is one of the oldest and largest construction groups in Greece. It is mainly active in the field of constructions, concessions and real estate development, in Greece and international markets.[1] AVAX Group has been listed on the Athens Stock Exchange, since 1994[2] and the projects it has undertaken to execute, currently amount to 2.2 billion Euros. Some prominent projects of the group are Attiki Odos, Athens Metro, Rio Antirrio Bridge and The Mall Athens.[3]
AVAX Group traces its origins back to 1941, with the establishment of J&P Overseas. In 1986, AVAX S.A. was founded, while in 1993, J&P HELLAS S.A. began operating in Greece. AVAX S.A. has been listed on the Athens Stock Exchange, since 1994. In 2002, J&P-AVAX S.A. was created by the merger of J&P HELLAS S.A. and AVAX S.A.
Foundations of Subsidiaries - Acquisitions - Mergers
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Before going into liquidation, the company disposed of its stake in Queen Alia Airport in Amman, which was expected to generate more than US$100 mln in revenue.
J&P Overseas was shut down with the company accumulating damages of around US$750 mln.
The problems at J&P Overseas emerged in 2017, sending the company into liquidation, after banks rejected its restructuring proposal.[10]
J&P(O)Ltd's most notable completed projects include:
2001-2006 Rehabilitation road Woldiya -Addis Abeba (400 km) Ethiopia
In 2009 the journal Engineering News-Record ranked J&P(O) Ltd as the 36th Largest International Contractor globally.[13]
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