Greek Superfund: Record dividends from utilities

The Superfund– The Hellenic Corporation of Assets and Participations S.A. (HCAP)collected a record amount of dividends.

This is the largest amount that has entered its coffers in the seven years since it was founded and first operated.

According to the financial statements for the first half of the year that were posted the day before yesterday, Saturday, September 30, the income from dividends through its holdings in public enterprises amounted to 115.4 million euros, when the corresponding period last year was only 4 .9 million euros.

The record dividend

The Hellenic Corporation of Assets and Participations, as the Superfund is officially known, drew the lion’s share from the Athens International Airport (IAA) company in which it participates with 25%. The general assembly of “AIA” shareholders decided to distribute a dividend to the Superfund amounting to 112.5 million euros.

Also in the reporting period of the financial results, HCAP collected telecom OTE’s dividend to the public, amounting to 2.8 million euros. It is recalled that the state has granted HCAP the right to income from its participation in the telecommunications company.

According to what it mentions in its report, the Superfund for the third quarter of the year is expected to collect dividends from the Organization of Central Markets and Fisheries (OKAA) and the Central Market of Thessaloniki (KATH). And this as the regular general meetings of the shareholders of the two companies were shifted in time.

Utilities

Following the aforementioned, the net results of the Superfund in the first half of the year amounted to 112.1 million euros.

The management of the National Investment Fund describes the main events concerning the subsidiary companies and other participations:

· EYDAP and EYATH (Athens and Thessaloniki water and sewage): The transfer of its shares (50% plus one share) from each company to the Greek government.

· Hellenic Public Properties Co.: The completion of the first project – pilot for the registration and valuation of real estate. It concerns 500 properties belonging to the Public Real Estate Company and a strategy for their utilization is expected. The corresponding procedure for another 500 properties follows.

· Regional airports: The second phase of the competition for the utilization of Kalamata Airport begins. Participating investment schemes: Aktor-Egis – Nice Airport, Fraport-Delta – Pileas, GEK TERNA – GMR and Mytilineos – CAA

· PPC: The company’s entry into Romania with the acquisition of ENEL’s assets and the aim of becoming one of the largest energy companies in the Balkans. The goal is 9 million customers, 10 GW RES projects and EBITDA of 1.5 billion. euro

· Hellenic Republic Asset Development Fund: Completion of the tenders of Attica Odos, the Port Organizations of Heraklion and Volos, for the sub-concession of the tourist port of Corfu and the sale of real estate in Nea Heraklia of Halkidiki and Andritsaina of Ilia.

· GIAAOSE railroad asset management: For the reactivation of the ETCS on board system, it received an offer from Hitachi Rail STS at the beginning of September and is currently examining the submitted data.

· AEDIK: The Corinth Canal resumed operation on June 1 as the second phase of work on the slopes was completed. The third phase will start in October and will be completed in the first quarter of 2024.

· ELTA-Hellenic Post: The group formulated the reorganization plan with the aim of reducing operating costs. In this context, it was decided to suspend the operation of 40 stores.

· 5G Holdings: The company announced two new investments bringing its total to seven. These are the California-based company Movandi and the company WINGS ICTSolutions.

· OASA Athens buses: Important projects are underway to serve the passenger public which include the complete renovation of 14 trains of Line 1 and the provision of mobile phone signal and data to passengers, both in the stations and in the Metro tunnels, with the first pilot application in 5 stations of Line 2 to be expected in the third quarter of 2023.

· Hellenic Salts: Holding 80% of the company’s share capital, after the acquisition of the percentage of “Kalamarakis ABEE – KALAS SA”, the Superfund is exploring the options for the transformation of the company, so that it can exploit its potential Greek market.