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    PPC   GRS434003000

PUBLIC POWER CORPORATION S.A.

(PPC)
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State-Backed Funds in Greece May Cut Controlling Stake in PPC

09/24/2021 | 03:57am EST

Hellenic Corporation of Assets & Participations S.A. (HCAP) and one of its subsidiaries may lower their combined 51% shareholding in Public Power Corporation S.A. (ATSE:PPC) (PPC SA), they said on September 23, 2021. Currently, Hellenic Corporation of Assets and Participations (HCAP) owns 34% of PPC, while its investment advisory arm Hellenic Republic Asset Development Fund S.A. (HRADF), which manages the privatisation of public assets in the country, holds 17%. In a press release indicating their support for a proposed share capital increase by PPC, the funds said they are considering a plan to trim their interest stakes in the utility to a combined blocking minority stake. The goal of the proposal is to raise both the free float and private participation to create long-term value for the company and its investors. The plan would be subject to market conditions, the state-backed funds noted.


ę S&P Capital IQ 2021
All news about PUBLIC POWER CORPORATION S.A.
11/30PUBLIC POWER S A : 9M2021 Financial Results presentation
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11/30Public Power Corporation S.A. Reports Earnings Results for the Nine Months Ended Septem..
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11/30PUBLIC POWER S A : PPC Group 9M/Q3 2021 financial results
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11/25PUBLIC POWER S A : Clarifications on the items of the EGM
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11/24PUBLIC POWER S A : Invitation to an extraordinary general meeting of the shareholders of p..
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11/24PUBLIC POWER S A : Release date of 9M2021 financial results
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11/22PUBLIC POWER S A : Announcement - Regulated Information according to L. 3556/2007
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11/20PUBLIC POWER S A : Announcement - Regulated Information according to L. 3556/2007
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11/12PUBLIC POWER S A : Announcement regarding the admission to trading of the new shares issue..
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11/10Outcome of the offering of New Shares for the Share Capital Increase of PPC S.A.
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More news
Analyst Recommendations on PUBLIC POWER CORPORATION S.A.
More recommendations
Financials
Sales 2021 5 118 M 5 790 M 5 790 M
Net income 2021 80,5 M 91,1 M 91,1 M
Net Debt 2021 2 082 M 2 356 M 2 356 M
P/E ratio 2021 192x
Yield 2021 -
Capitalization 3 673 M 4 146 M 4 155 M
EV / Sales 2021 1,12x
EV / Sales 2022 1,01x
Nbr of Employees 13 103
Free-Float 48,9%
Chart PUBLIC POWER CORPORATION S.A.
Duration : Period :
Public Power Corporation S.A. Technical Analysis Chart | PPC | GRS434003000 | MarketScreener
Technical analysis trends PUBLIC POWER CORPORATION S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Last Close Price 9,62 €
Average target price 13,86 €
Spread / Average Target 44,1%
EPS Revisions
Managers and Directors
Georgios Stassis Chairman & Chief Executive Officer
Alexandridis Konstantinos Chief Financial Officer
George Venieris Independent Non-Executive Director
Despina Doxaki Independent Non-Executive Director
Stephanos Theodoridis Independent Non-Executive Director
Sector and Competitors
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