
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

New Exposé by Domumento Reveals Nefarious Triangular Link of ‘Black Money’ with New Democracy, Blue Skies, & Truth Team
The latest exposé by the Documentonews.gr news site lays bare what appears to be a surreptitious path of indirect financing of ND through the business sector—transactions that, as widely understood, rarely occur without expectations of reciprocal benefit

PM Meloni Meets Vice President Vance in Rome Signalling Optimism on Ukraine Talks
Meloni emphasized the strength and strategic value of the Italy-U.S. partnership.

Airbnb: Greece’s Short-Term Rentals Dip in March Amid Easter Shift
Data from analytics firm AirDNA shows that average occupancy for short-term rentals dropped to 45% in March, down from 49% the same month last year.

Easter Week in Greece: Holy Friday in Orthodoxy Today
At the Vespers service on Friday evening the image of Christ is removed from the Cross and wrapped in a white cloth

Meloni and Trump Meet in Washington, Vow to Strengthen Western Ties
“I am 100% sure there will be no problems reaching a deal on tariffs with the EU—none whatsoever,” Trump stressed.

ECB Cuts Interest Rates by 25 Basis Points in Expected Move
The ECB’s Governing Council opted to lower the deposit facility rate—the benchmark for signaling monetary policy direction—citing an updated assessment of inflation prospects, the dynamics of underlying inflation, and the strength of monetary policy transmission.

Current Account Deficit Fell by €573.2ml Feb. 2025: BoG
The improvement of Greece’s current account was mainly attributed to a more robust balance of goods and, to a lesser extent, an improved primary income account

Hellenic Food Authority Issues Food Safety Tips for Easter
Food safety tips on how to make sure your lamb has been properly inspected and your eggs stay fresh.

Greek Kiwifruit Exports Smash 200,000-Ton Mark, Setting New Record
According to data by the Association of Greek Fruit, Vegetable and Juice Exporters, Incofruit Hellas, between September 1, 2024, and April 17, 2025, kiwifruit exports increased by 14.2%.

Easter Tourism Boom: Greece Sees 18.3% Surge in Hotel Bookings
Among foreign markets, Israel has emerged as the biggest growth driver, with hotel bookings more than doubling—up 178.5% year-on-year.