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Economy

Skrekas: Foreign Investors Showing “Impressive” Interest in PPC

November 5, 2021

ATHENS – Environment and Energy Minister Kostas Skrekas, in statements on Friday, focused on the impressive interest shown by foreign investors in the purchase of Public Power Corporation (PPC) shares, on the occasion of the completion of the public offer for an increase of the company’s share capital.

Specifically, Skrekas pointed out the following: “The impressive interest of investors in the share capital increase of PPC clearly proves that the company has turned a page. The extensive participation of international institutional investors exceeded all expectations, with the total offers exceeding 4.0 billion euros. With the funds amounting to 1.35 billion euros that the company will raise, combined with the revenues from the sale of 49 pct of the Hellenic Electricity Distribution Network Operator (HEDNO), it will proceed smoothly with the implementation of its strategic planning. It will invest in the development of Renewable Energy Sources and electricity storage technologies, while it will further accelerate its transformation by acquiring green energy production units beyond Greece’s borders. With these investments, PPC will be able to offer clean energy at affordable prices to households and businesses, while enhancing the country’s energy security. The intense interest of the international investment community in PPC is a practical proof of the strong growth prospects of the Greek economy.”

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