The big reorganization of the Hellenic Petroleum group was started by the company’s management within the framework of its strategic plan “VISION 2025” which it had presented at the end of last Spring.
The ultimate goal is to create a holding company, under the roof of which the business sectors of the group will pass in the form of subsidiaries.
Thus, the board decided the first split of its industry. This is the sector of refining, supply and sales of petroleum and petrochemicals. The assets and liabilities of the sector will be transferred to a new company as recorded in the accounting statements of June 30.
As it also comes out of the announcement announced by HEL.PE on the Athens Stock Exchange, the shares are 130,100,000 with a value of 10 euros each. This means that the total value of the industry, which is the heavy artillery of the group, amounts to 1.3 billion. euro. The shareholder of the new company, as mentioned above, will be “Hellenic Petroleum”.
Sources state that by the end of the year, the corporate transformation of the listed company will have been completed with the creation of the other subsidiaries. These will be the trade and retail (EKO and BP) with domestic and international activities, HEL.PE Renewables, new activities (electricity and natural gas) as well as hydrocarbon exploration and production.
The aim of the reorganization of the group is the promotion of the activities of HEL.PE, the emphasis of the new activities of “green” and clean energy but also the flexibility in finding financing resources.
The whole process will be crowned with the change of the name of Hellenic Petroleum, with a logo that will refer to the new era.
The corporate reorganization program of the group is accompanied by the energy transformation with an investment program of 4 billion. euros in the next five years. Half of the funds will be allocated to the development of RES and the production of cleaner forms of energy.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”
Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.
Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.
Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.
Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.
WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year
IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock
First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region
Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)
Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-90x90.jpg)
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-600x400.jpg)
