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.”
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Bank of Greece Governor Says EU will Retaliate to Trump’s Tarrifs
The Bank of Greece Governor defended the independence of central banks amid criticism from U.S. President-elect Donald Trump, who had publicly commented on Federal Reserve Chair Jerome Powel
September in Greece Winning Tourists Over from US, Germany
Tourists continue to visit Greece off-season into Sept. with the number of inbound travelers up by 6.6% and a 7.9% rise in travel receipts.
Bitcoin Surges Toward $100K Amid Pro-Crypto Optimism in US
According to Reuters, the cryptocurrency surged to an all-time high, briefly exceeding $96,898 during Asian trading hours.
Greek Driver Violations at a Touch of a Button
Traffic offences recorded in the last five years by Greece’s “Driver Behavior Control System” are now available on Gov.gr Wallet
Milan Tops List of Most Expensive Streets, Athens’ Ermou Holds Steady at 15th Place
In Athens, following Ermou Street is the southern suburb of Glyfada and Tsimiski Street in Thessaloniki.
New Gov.gr Service Enables Secure Reporting of Minor-Related Delinquency
It should also be noted that via the recently introduced initiative ‘Safe Youth’ application citizens have access to specially tailored informative material regarding the safety of children and adolescents
Thousands Strike in Athens Over Soaring Living Costs and Stagnant Wages
Inflation, particularly in food prices, has been crushing Greek households
Greece Overhauls Property Valuation System
Greece plans to launch a revamped property value registry in 2025 and overhaul the way objective values are calculated to enhance tax revenue and improve transparency.
Greece’s New Tax Bill Foresees Tax Relief Beyond Big Business
Tax relief measures in Greece are proposed for freelancers, property owners and farmers, along with 'big business'
Unions Call Nationwide Industrial Strike for Wed.
Mass transits are usually affected, especially in the greater Athens-Piraeus area, although bus and metro services are curtailed but not fully halted
![Τουρισμός: Πάνω από 5 εκατ. αφίξεις σε καταλύματα τον Σεπτέμβριο [γραφήματα]](https://www.ot.gr/wp-content/uploads/2021/10/katalymata-90x90.jpg)
