PPC’s negotiations with Enel for the acquisition of the assets of the Italian energy group in Romania have entered the final stretch.
According to OT sources, the Greek company is conducting due diligence on the assets of the Italians in the Balkan country. Consultants who have undertaken the process of investigating and “scanning” the assets in Romania are dusting off… every size in the financial and technical data that have come to the knowledge of PPC.
Greece’s PPC: The benefits of the acquisition of Enel’s assets in Romania
The hidden term
According to what has become known, the negotiations between PPC and Enel based on the exclusivity contract signed by the two companies will last until the end of January.
However, according to OT information, there is also a clause in the exclusivity contract that allows the discussions to be extended for one more month, i.e. for February.
Sources do not rule out that another month of negotiations will be required, as due to the holiday some due diligence procedures were delayed.
Optimism
However, sources who are aware of the negotiations and the due diligence, are optimistic about the closing of PPC’s agreement with Enel. The deal will send the Greek company outside its borders for the first time, and indeed in a critical period in the middle of the energy crisis.
The strategic plan
The administration of Giorgos Stassis went further behind the presentation of the updated strategic development plan of PPC.
Analysts were used to learning the company’s investment plans and goals for the coming years every December.
The information wants the updated plan to be presented towards the end of February having also included the new data from the acquisition of Romania. According to estimates, PPC figures will be positively affected.
Latest 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