Goldman Sachs stake in PPC utility at 5.35%

US multinational investment bank Goldman Sachs has raised its stake in the Public Power Corp. (PPC), Greece’s dominant power producer and provider, to 5.35 percent, according to an announcement by ATHEX-listed utility.

PPC’s management also clarified that 0.20 percent of the aforementioned stake involves securities lending and swaps.

PPC was previously the absolute state-owned and run power utility monopoly, vertically and horizontally, in Greece, before EU mandated liberalization in the electricity sector.