Motor Oil (Hellas) Corinth Refineries SA

02/13/2020 | Press release | Distributed by Public on 02/13/2020 09:22

Announcement of other important matters: Acquisition of portfolio of Photovoltaic Plants.

MOTOR OIL (HELLAS) S.A. hereby announces the completion of the transaction for the acquisition of a portfolio of Photovoltaic Plants in full operation located in Northern and Central continental Greece of an aggregate 47 MW capacity for a consideration of EUR 45.8 million.

The transaction has been effected through TEFORTO HOLDINGS LIMITED (*) which acquired the shares of RADIANT SOLAR HOLDINGS LTD and GREENSOL HOLDINGS LTD which were participations of METKA-EGN LTD a subsidiary of MYTILINEOS S.A.

The above move forms part of the MOTOR OIL Group strategy for further penetration in the sector of Renewable Energy Sources.

Maroussi, 13 February 2020

The Board of Directors

(*) A wholly owned subsidiary of the MOTOR OIL Group.