PPC Says Selath Holdings to Buy at Least 10% of Its Equity Capital

October 26, 2021

ATHENS — Public Power Corporation on Tuesday announced it has reached an agreement with Selath Holdings to participate in a PPC share capital increase plan. In an announcement, PPC said Selath Holdings will purchase at least a 10% of PPC’s equity worth 395 million euros.

Selath will use investment capital managed by CVC Advisers Greece SMSA and its subsidiaries. Under the terms of the agreement, Selath will participate in the shareholder capital increase plan at a purchase price of no more than 9.0 euros per share, obtaining at least 10% of PPC’s equity capital with voting rights. Selath will have to hold PPC’s shares for six-month period.


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TNΗ’s Happenings of the Week by Eraklis Diamataris

NEW YORK – The National Herald’s Happenings of the Week as have been reported at the print and digital editions of TNH and presented by the TNH Editor Eraklis Diamataris.

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