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
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.
Greece Plans to Link Golden Visa to Startup Investments
The Greek government wants to decouple the Golden Visa Program from Real Estate investments
Greece Honored Country at World Travel Market (WTM) 2024
Greece held a prominent position within the exhibition space, with its main entrance adorned digitally in Greek colors.
Inflation in Greece Down to 2.4% in October, ELSTAT says
On a year-to-year basis, the average inflation in Greece from November 2023 to October 2024 increased by 2.9%, compared to a 4.2% rise during the same period the previous year
First-Ever Pop-Up American Space at a Sports Venue Opens at Georgios Karaiskakis Stadium
The new Pop-Up American Space was inaugurated at the Georgios Karaiskakis Stadium by US Amb. George J. Tsunis, Olympiacos FC President Evangelos Marinakis and the Mayor of Piraeus, Yannis Moralis