PPC utility says it’s considering possible investments in SE Europe

ATHEX-listed Public Power Corp. (PPC), the dominant and partially state-owned electricity provider in Greece, is considering possible buyouts in Romania and Bulgaria, the utility replied in answer to the Hellenic Capital Market Commission.

The reply came in the wake of press reports claiming an upcoming purchase, by PPC, of 70 percent of Enel Romania and the signing of a MoU between the latter and the Enel group.

PPC’s written reply noted that following a share capital increase in 2021, to fund a strategic plan, the utility is considering opportunities for “organic” growth and buyouts in the Greek and SE European markets.

However, at the same time, the power producer and provider said there is no agreement or MoU at present to announce.