In a video conference on Thursday afternoon, the agreement will be discussed with institutional investors and analysts
The share buyback program begins in the last ten days of September. CEO G. Stassis on the crisis and liquidity of PPC
Energy costs have doubled and in some cases tripled for households and businesses since a year ago and the situation has battered most low income and middle class Greek households.
The public company maintains its stable outlook
At 64.5% the percentage of electricity supply in January from 62.62% in September. What the data of the Hellenic Energy Exchange show.
What the deal of the two energy groups provides
The minimum purchase price, set within the framework of the foreseen stock awards program, has been set at 5 euros with its maximum price set at 17 euros
The European development bank said it has joined a 1.35-billion-euro share capital increase announced by PPC.
“With the further capital increase, PPC is following an autonomous course,” said the president and CEO George Stassis
At 500 million euros the amount that will be raised against an initial issue of 350 million euros. Interest rate estimates
Today, as planned, PPC will in the markets.
A contemporary state cannot operate if it cannot ensure fundamental public goods – the health, education, and the domestic and external security of its people.
the government plans is to gradually phase out the use of lignite at electricity-production power plants, which includes the shutdown of existing Public Power Corporation (PPC) lignite units by 2023
As in the case of the Metro, the abolition of tenure for top executives in the once largest industrial enterprise of the Balkans (PPC) appears to be a necessity..
The government will push for a decrease of primary surplus targets but not immediately, only once Greece acquires political credibility, Mitsotakis told journalists.
As regards the supposed sell-off of PPC Hatzidakis said, 'Some say that we want to privatise PPC. My response to them is to worry not. There are no buyers.'
Two weeks ago he told shareholders there are two main options to save the company - either maintain the Greek state’s position as majority stakeholder with a radical restructuring of the framework of operation and of the state’s role or to introduce a strategic partner.
It is indicative that after the government was sworn in, the first two conferences dealt with the faltering Public Power Corporation (PPC) and the huge issue of non-performing loans (NPLs).
A complacent, indifferent, and anti-reform government did not concern itself with the necessary changes at the Public Power Corporation but instead focused on clientelism.
