Time1 minute
Regulatory Announcements
Other Announcements
19.12.2024
PDF

Announcement regarding participation in DEPA Commercial

HELLENiQ ENERGY Holdings S.A. (the "Company") announces that its Board of Directors has approved an agreement for the sale of its 35% stake in the share capital of DEPA Commercial S.A. ("DEPA") to the Hellenic Republic Asset Development Fund (HRADF). In accordance with Article 101, Paragraph 2 of Law 4548/2018, the Company has submitted a relevant announcement to the General Commercial Register (G.E.MI.) on 18 December 2024, seeking the issuance of a special license as provided in Articles 99, Paragraphs 1 and 2, and Article 100 of the aforementioned law, for the execution of a contract with a related party.

The agreement provides for the sale of the Company's equity stake for a deferred consideration amounting to approximately €208m, which corresponds to the most recently audited net book value of the participation, subject to potential adjustments. The Company will revert with a comprehensive update following the signing of the agreement, which is promptly anticipated.

Relevant Content

31.12.2024

Completion of the transfer of 35% of the share capital of DEPA Commercial to HRADF

Pursuant to the announcement dated 19 December 2024, HELLENiQ ENERGY Holdings S.A. (the “Company”), announces that on 30 December 2024 the transfer of the Company's 35% participation in the share capital of DEPA Commercial S.A. to the Hellenic Republic Asset Development Fund S.A. (HRADF) was completed.

19.12.2024

Signing of an agreement for the sale and transfer of HELLENiQ ENERGY Holdings’ stake in DEPA Commercial S.A.

Pursuant to a prior announcement, HELLENiQ ENERGY Holdings S.A. (the “Company”), informs the investor community that today, 19 December 2024, an agreement for the sale and transfer (the “Transaction”) of the Company’s 35% stake in DEPA Commercial S.A. (“DEPA”) was signed between the Company, as the seller, and the “Hellenic Republic Asset Development Fund S.A.” (“HRADF”), as the buyer.

09.12.2024

Agreement for the acquisition of 50% of the share capital of Elpedison B.V.

HELLENiQ ENERGY Holdings S.A. (the “Company") announces that it has agreed with Edison International Shareholdings S.p.A. (hereinafter "Edison"), on the key commercial terms, and subject to the signing of a final Share Purchase Agreement (SPA), for the acquisition of 50% of the share capital of Elpedison B.V., a company which is based in the Netherlands and owns 100% of its Greek subsidiary, Elpedison Power Generation Single Member Société Anonyme ("ELPEDISON").