PPC S.A., following the announcement dated 3.9.2021, informs that, the bidding process for the sale of 49% of HEDNO S.A. share capital has been completed.
Spear WTE Investments Sarl, member of the Macquarie Infrastructure and Real Assets Group (MIRA), was the highest bidder with an offer that values 49% of HEDNO's Enterprise Value at € 2,116 mn (including pro-rata net debt of € 804 mn).
The offer reflects a valuation to RAB of 151%.
The final decision will be made by the competent corporate bodies of PPC S.A..
Athens, September 10, 2021
Public Power Corporation SA published this content on 10 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 September 2021 14:41:02 UTC.