11/22/2022 | Press release | Distributed by Public on 11/22/2022 09:48
GEK TERNA S.A. and TERNA ENERGY S.A., in the context of the continuous optimization of their organizational structure and in accordance with article 100 of Law 4548/2018 announce the following:
The Board of Directors of the Company "TERNA ENERGY S.A.", having its registered offices in Athens, 85 Mesogion Avenue, with Commercial Registry Number (G.E.MH.) 000312701000, at the meeting of 11/11/2022 and after taking also into consideration the 26/10/2022 report of Mr. Georgios Bournis, Chartered Accountant (with number ΑΜ ΣΟΕΛ 25151) of the auditing firm "Deloitte", it decided unanimously:
The total price of the transactions, amounts to 18.6 million euros. The minutes of the Company's Board of Directors of 11.11.2022 and the above reports have been registered in the General Commercial Register (G.E.MH.) and the prescribed formalities and procedures of Law 4548/2018 will be followed.
With these transactions, GEK TERNA Group optimizes its organizational structure, further strengthening the vertical position of the sector of trading and thermal energy generation. It is noted that in the same context the Group recently acquired 100% of the companies "HERON Energy SA" and "HERON II VIOTIAS SA".
At the same time, these transactions will allow TERNA ENERGY Group to focus on its core activity, the production and storage of energy from renewable sources, releasing additional funds for the implementation of its investment program.
Info:
Press Office: Mary Andreadi, tel. +30 210 69 68 000,[email protected]
Investor Relations Officer: Argyris Gkonis, tel. +30 210 69 68 000,[email protected]