
LAMDA DEVELOPMENT S.A. announced that its 100% subsidiary, LAMDA ENERGY INVESTMENTS S.M.S.A., signed a share transfer agreement regarding the purchase of 20% of the share capital of R Energy 1 Holding for a cash consideration of €5m. At the same time, R Energy 1 Holding proceeded to the issuance of a €10m, 3-year, Convertible Bond Loan issue, which will be fully covered by LAMDA ENERGYINVESTMENTS S.M.S.A. Upon conversion of the aforesaid Convertible Bond Loan, LAMDAENERGY INVESTMENTS S.M.S.A. will have the right to acquire 50.1% of the share capital of R Energy 1 Holding.
The said transaction is the first investment in Green Energy financed by the proceeds of the €230m Green Common Bond Loan issued by the Company on 12.07.2022.
The acquisition of 20% of the share capital of R Energy 1 Holding is subject to the fulfillment of a number of formal issues and is expected to be completed within 2022.
Commenting on the said agreement, LAMDA Development CEO, Mr. Odisseas Athanasiou, said:
“Our cooperation with R Energy 1 Holding, a pioneer company in the RES sector, will contribute to the implementation of our plan to supply clean, green energy to the smart, modern city of The Ellinikon. With a priority to create a truly sustainable new city, we proceed to our first investment financed by the proceeds from the recent green bond issue.”
Commenting on the said agreement, R Energy 1 Holding Chairman, Mr. Georgios Rokas, said:
“We express our thanks to LAMDA Development for its trust towards our company. For all of us at R Energy 1 Holding it is a great pleasure to contribute in our own way to the largest investment in Greece, and we are truly convinced that this cooperation will decisively contribute to the development of new projects as well as to the success of the future business plans of R Energy 1 Holding.”


Latest News

Metropolitan Ioannis of Korce New Archbishop of Albania
Following the announcement of the election, church bells rang joyfully in Orthodox churches across Albania

Greece Faces Renewed Fears of Water Crisis Ahead of Summer 2025
Following a prolonged drought that began in 2024, fears of a water crisis highlight the urgent need for infrastructure improvements

Harvard, Yale, Columbia, and More Seek Collaboration with Greek Unis
Greece's former Minister of Education Kyriakos Pierrakakis announces an €82 million funding boost to support the partnerships

Greek Government Reshuffle Brings in More Young Technocrats
Greek PM Mitsotakis has brought in younger leaders and technocrats in a bid to accelerate the government's efforts at modernization and efficiency, according to New Democracy insiders

Greece’s New Government Members Sworn in at Presidential Mansion
Greece's new government members were sworn in on Saturday morning and head straight to work through the first meeting of the new cabinet.

Moody’s Upgrades Greece to Investment Grade, Ending Crisis Era
The rating agency raised Greece’s long-term credit rating to Baa3 from Ba1, with a stable outlook.

EFET on World Consumer Day: Humanity Faces New Challenges
This year’s message emphasizes the need for a transition to sustainable lifestyles while safeguarding consumers’ legally recognized rights. This means ensuring access to essential goods such as food and energy, as well as health and safety.

Athens Hotels Lead Europe in Value Growth for Third Year
Over the entire period from 2015 to 2024, the average annual increase in hotel value was 6.1%.

Unemployment Rate in Greece Down 8.9% in January: IOBE
The unemployment rate in Greece recorded a further decline in January 2025, reaching 8.9%, according to the latest Foundation for Economic & Industrial Research (IOBE) report.

Demand for Short Term Rentals in Greece Surges Ahead of Easter
Among the most popular Easter destinations from Good Friday to Easter Monday are Corfu, Hydra, the Peloponnese, Ioannina, Patmos, Loutra Edipsou, Kavala, Thassos, and Pelion