Public Power Corp. (PPC), Greece’s dominant electricity utility and producer, on Thursday announced its intention to float a 750-million-euro share capital increase along with a book-building process to determine the offer price, a relevant announcement by the ATHEX-listed and state-run company stated.
PPC said the share capital increase aims to fund its updated strategic plan.
According to the announcement, the new shares will be floated via a public offering in Greece and through a private placement with institutional investors abroad.
The utility proposes that the share capital increase be conducted in a non-pre-emptive basis, although it’s also proposed that a priority allocation mechanism apply for the allocation of new shares for existing shareholders’ participation percentage in the share capital of the company.
Τα νέα από το μέτωπο των εκλογών, το νέο πακέτο στήριξης και γιατί είναι… άνετοι οι τραπεζίτες με τα NPEs
Draft bill includes provision for observatory to analyze 'hybrid threats', use of drones
The draft legislation includes the prospect of courier services using drones for delivery of letters and parcels, something that the state-run Hellenic Post has already petitioned for
Iranian military board 2 Greek-flagged tankers in Gulf
On Friday afternoon, the Greek foreign ministry announced that it had briefed the EU, the IMO and allies over the development, while issuing a recommendation that Greek citizens avoid trips to Iran
Bill Gates in Athens; Microsoft investment in Greece at 1 bln€ over next decade
Following an invitation by Pfizer CEO Albert Bourla
Intercontinental International: Dividend distribution of 0.29 euros per share
The distribution of a dividend of 0.29 euros per share, was announced by Intercontinental International REIC
Explosion in the center of Athens: One injured
According to the Fire Department, a man was injured and was picked up by ambulance with burns
Dep. Tourism Min.: Meeting with major travel agencies in South Korea
The familiarization trip was attended by representatives of three leading travel groups of the Korean market with high activity in Europe
Bill Gates in Athens today
The strong man of Microsoft in Athens
Mitsotakis for Turkey: Those who threaten us, are marginalized and exposed
"We have no reason to open a dialogue with the illegal and the unhistorical"
Fin.Min.: No fiscal space for new measures in 2022
Discussion on new fuel support is premature
Tatoi: Works on the former royal estate are progressing rapidly
As stated by the Minister of Culture and Sports Lina Mendoni, the projects are progressing according to the schedules set by the Ministry of Culture, so that the property can be returned to Attica as a cultural pole and as a development resource.