ΑΤΗΕΧ-listed Public Power Corp. (PPC), Greece’s dominant power producer and provider, is heading into exclusive negotiations with Italian multinational Enel to acquire the latter’s operations in Romania.
According to a relevant press release, PPC signed an exclusivity agreement with Enel S.p.A. for the prospective purchase of the Enel group’s target assets in Romania.
The specific negotiations have a horizon of late January 2023, whereby the Greek utility will exercise necessary due diligence for the targeted assets.
PPC’s board of directors will then decide whether to proceed with a binding offer towards Enel.
The multinational’s leadership has recently made it clear that Enel is ready to sell subsidiaries in markets, outside Italy, where it has a presence.
According to analysts, the Romanian market offers increased margins for a further penetration of renewable sources of energy (RES).
PPC for decades served as the fully state-owned and operated vertical and horizontal power monopoly in Greece, before an EU-mandated breakup of its operations and the liberalization of the electricity sector.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Greece Launches Microfinance Fund to Support Small Businesses
The Microfinance Fund will offer interest-free financing at a rate of 60% for general entrepreneurship and 75% for female entrepreneurship, with microfinance institutions providing the remaining 40% or 25%.
Study: Greece’s Economic Growth Threatened by Labor Shortages
In its analysis, Capital Economics cites three factors as the reasons why it does not anticipate Greece’s employment significantly increasing in the coming years.
Goldman Sachs Optimistic on Greek Banks, Sees Valuation Improvement
Goldman Sachs downgrades Eurobank to "Neutral" from "Buy" due to its valuation, trading at 1x price-to-tangible book value (P/TBV).
Greek Tax Authorities Target Tax Evasion via Lifestyle Audits
Audit teams use advanced algorithms and risk analysis to conduct lifestyle audits and identify taxpayers suspected of concealing undeclared income.
Giannis Antetokounmpo Invests in AI Video Production Platform
The platform, founded in 2021 by Victorien Tixier and Xavier Green, automatically tags and organizes content, allowing teams to speed up distribution to broadcasters, sponsors, and even the athletes themselves
Greece’s Industrial Production Rises 5.8% in December
For the entire year, the average General Index of Industrial Production increased by 5.2% in comparison to the corresponding period in 2023.
Study Shows Athens Traffic Congestion Up
On average, car drivers and their passengers who venture out onto Greater Athens’ roads will spend roughly half an hour in the vehicle to cover a distance of 10 kilometers
Judge Blocks Elon Musk’s Team from Accessing Treasury Payment System
Judge blocks Elon Musk’s team from Treasury access over security risks and potential misuse of federal payment data.
Make Europe Great Again in Madrid
Far-right leaders rally in Madrid to 'Make Europe Great Again
Seismologists Cautiously Optimistic as Aegean Earthquake Activity Evolves
Seismologists grow increasingly optimistic as Aegean earthquake activity shows signs of decline
![Φυσικό αέριο: Εκτόξευση της εγχώριας κατανάλωσής τον Ιανουάριο του 2025 [γραφήματα]](https://www.ot.gr/wp-content/uploads/2024/06/fysiko-aerio-90x90.jpg)
![Επανεξέταση καταλογιστικών πράξεων της φορολογικής διοίκησης [Β’ Μέρος]](https://www.ot.gr/wp-content/uploads/2024/12/taxes-scaled-1-600x429.jpg)
![Επενδύσεις: Πόσο στηρίζουν το ελληνικό ΑΕΠ – Τι δείχνει μελέτη της Alpha Bank [γραφήματα]](https://www.ot.gr/wp-content/uploads/2023/12/ot_artificial_ependyseis-600x352.png)
