Greece-based infrastructure group Ellaktor on Wednesday announced the sale of its renewable energy source sector to Motor Oil Renewable Energy, of the major petrochemical concern.
A 75-percent stake of Ellaktor’s renewables activity was transferred to Motor Oil subsidiary Anemos Holdings for 671.5 million euros.
The transaction is subject to approval by relevant regulatory and state authorities.
Ellaktor will retain 25 percent of the activity.
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