
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

Trump-Putin Call on Ending Ukraine War Set for Tuesday
Trump announces he'll discuss a potential Ukraine-Russia ceasefire with Putin on Tuesday. The U.S. President is cautiously hopeful talks can end the Ukraine war after positive U.S.-Russia negotiations in Moscow.

Newly Appointed Dep. Development Minister Aristos Doxiadis Resigns
His resignation has been accepted by the Prime Minister, and his replacement is expected to be announced in the coming days

Metropolitan Ioannis of Korce New Archbishop of Albania
Following the announcement of the election, church bells rang joyfully in Orthodox churches across Albania

Greece Faces Renewed Fears of Water Crisis Ahead of Summer 2025
Following a prolonged drought that began in 2024, fears of a water crisis highlight the urgent need for infrastructure improvements

Harvard, Yale, Columbia, and More Seek Collaboration with Greek Unis
Greece's former Minister of Education Kyriakos Pierrakakis announces an €82 million funding boost to support the partnerships

Greek Government Reshuffle Brings in More Young Technocrats
Greek PM Mitsotakis has brought in younger leaders and technocrats in a bid to accelerate the government's efforts at modernization and efficiency, according to New Democracy insiders

Greece’s New Government Members Sworn in at Presidential Mansion
Greece's new government members were sworn in on Saturday morning and head straight to work through the first meeting of the new cabinet.

Moody’s Upgrades Greece to Investment Grade, Ending Crisis Era
The rating agency raised Greece’s long-term credit rating to Baa3 from Ba1, with a stable outlook.

EFET on World Consumer Day: Humanity Faces New Challenges
This year’s message emphasizes the need for a transition to sustainable lifestyles while safeguarding consumers’ legally recognized rights. This means ensuring access to essential goods such as food and energy, as well as health and safety.

Athens Hotels Lead Europe in Value Growth for Third Year
Over the entire period from 2015 to 2024, the average annual increase in hotel value was 6.1%.