With liquidity of 3.6 billion euros and the share buyback program, equal to 10% of the share capital, PPC appears shielded against the energy crisis.
During yesterday’s teleconference with analysts, the company’s president and CEO, Giorgos Stassis, announced the start of the acquisition of own shares, which had been approved in August by the extraordinary general meeting of shareholders, between September 20 and 30. Based on the decision of August 3, the program lasts for 24 months and the price range for acquiring shares corresponding to 10% of the paid-up share capital is from 2.48 to 17 euros per share.
Strong liquidity
However, in addition to the above-mentioned news that analysts and investors were waiting for, the management of the company emphasized the importance of the strong liquidity it has. This is a strong liquidity position of 3.6 billion euros of which over 1.4 billion is hot money in the company’s coffers and almost 2.2 billion euros come from open lines of credit.
With these figures, Mr. Stassis sought to assure about the resilience of PPC in the face of the intense market volatility triggered by the war in Ukraine, the energy crisis and high inflation. It is worth noting that PPC for the next two years does not have particularly increased payment requirements for loan claims. Of its total debt, around 4.3 billion euros, 67% has fixed interest rates.
The president and CEO of the company pointed out the significant uncertainty of the next months in the markets, noting that plans change daily.
Ptolemaida 5
In the briefing of the analysts it became known that the new Ptolemaida 5 lignite unit will be put into trial operation next month, and probably in January 2023 it will be able to be put into commercial operation as well.
Mr. Stassis reiterated the administration’s commitment to the implementation of the five-year strategic business plan with an emphasis on RES, underlining that the 4 GW are already guaranteed in terms of the licensing process.
Finally, he also gave a preview of the announcement of the acquisition of the RES portfolio in Romania in the coming months.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region
Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)
Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.
Alter Ego Ventures Invests in Pioneering Gaming Company ‘Couch Heroes’
Alter Ego Ventures' participation in the share capital of Couch Heroes marks yet another investment by the Alter Ego Media Group in innovative companies with a focus on technology.
Corruption Still Plagues Greece’s Driving Tests
While traffic accidents continue to claim lives on Greek roads daily, irregularities and under-the-table dealings in the training and testing of new drivers remain disturbingly widespread
Pope Francis Died of Stroke and Heart Failure Vatican Confirms
As news of the official cause of death spread, tributes poured in from across the globe. The 1.4 billion-member Catholic Church is united in grief, remembering a pope who championed inclusion, justice, and compassion
Increase in Both Museum Visits, Revenues for 2024
As expected, the Acropolis was the top archeological site in the country, followed by Sounion, Mycenae, the ancient theater of Epidaurus, and Vergina in northern Greece
Where Greece’s Tourists Come From: A Look at 2025’s Top Visitor Markets
The United Kingdom continues to hold the top spot as the largest source of incoming tourism, with 5.6 million seats booked for Greece this summer — up 2.2% from last year. This accounts for 20% of all international air traffic to Greece
Pope Francis: A Pontiff Who Reshaped the Papacy and Sparked a Global Conversation
His first words from the balcony of St. Peter’s Basilica—“Brothers and sisters, good evening”—set the tone for a pontificate that would challenge norms, favor mercy over dogma, and bring the papacy closer to the people.
When Blue Skies was Unmasked as ND’s Political ‘Slush Fund’
The fact that so many top New Democracy (ND) party cadres were paid by the firm Blue Skies, owned by Thomas Varvitsiotis and Yiannis Olympios, without ever citing this publicly, raises very serious moral issues, regardless of the legality
![Πλημμύρες: Σημειώθηκαν σε επίπεδα ρεκόρ στην Ευρώπη το 2024 [γράφημα]](https://www.ot.gr/wp-content/uploads/2025/04/FLOOD_HUNGRY-90x90.jpg)
![Ξενοδοχεία: Μεγάλο το ενδιαφέρον για επενδύσεις στην Ελλάδα – Η θέση της Αθήνας [γραφήματα]](https://www.ot.gr/wp-content/uploads/2025/03/Athens-hotels-90x90.jpg)
