US multinational investment bank Goldman Sachs has raised its stake in the Public Power Corp. (PPC), Greece’s dominant power producer and provider, to 5.35 percent, according to an announcement by ATHEX-listed utility.
PPC’s management also clarified that 0.20 percent of the aforementioned stake involves securities lending and swaps.
PPC was previously the absolute state-owned and run power utility monopoly, vertically and horizontally, in Greece, before EU mandated liberalization in the electricity sector.
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