The PPC signs agreement with Fondul Proprietatea S.A. to acquire its minority shareholding in E-Distributie Muntenia S.A., Enel Energie Muntenia S.A., E-Distributie Dobrogea S.A., E-Distributie Banat S.A., and ENEL Energie S.A.
Public Power Corporation S.A. (“PPC”) announced that it has signed on 19 April, 2023 an agreement with Fondul Proprietatea S.A. (“Fondul”) to acquire all the equity stakes held by Fondul in E-Distributie Muntenia S.A. (12%), Enel Energie Muntenia S.A. (12%), E-Distributie Dobrogea S.A. (24.1%), E-Distributie Banat S.A. (24.1%), and ENEL Energie S.A. (12%) in Romania, for a total consideration of RON 650 million (approximately €130 million based on a spot FX rate of 0.2).
This agreement is concluded following the entry by Enel S.p.A. (“Enel”) and PPC on March 9, 2023, into an agreement for the sale of all the equity stakes held by Enel in Romania.
The completion of the sale under the agreement with Fondul is subject, among others, to the closing of the transaction between Enel and PPC. Further announcements will be made as and when relevant.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
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
Yannis Vardinoyannis Assumes Post of Motor Oil Board President
He succeeds his father, Vardis, who passed away last week at the age of 91
PM Mitsotakis to Bloomberg: Our Majority Is Stable, Elections To Be Held in 2027
"The government has a solid 2.5-year mandate from the people to implement its policies," Mitsotakis stated
Greek Economy Shows Resilience, Consumer Confidence Remains a Challenge
Therefore, there is need for policy interventions in order to boost demand, stabilize the labor market and support industrial production
![ΗΠΑ: Στρατηγικό σχέδιο για τριπλασιασμό της παραγωγής πυρηνικής ενέργειας έως το 2050 [γράφημα]](https://www.ot.gr/wp-content/uploads/2024/05/nuclear-power-4021418_1280-90x90.jpg)
