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Economy

PPC’s Book-Building Process Heading Towards Significant Oversubscription

November 2, 2021

ATHENS — A book-building process for a share capital increase launched by Public Power Corporation covered the asked amount of 1.35 billion euros within the first hour of opening, company sources said on Tuesday.

The sources said that bids moved at the highest point of the price range of 9 euros per share. Based on this information, PPC’s share capital increase plan was heading towards a significant oversubscription as the book-building process will remain open until Thursday, November 4.

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