PPC Renewables preferred investor in the international competitive process of Piraeus Equity Partners

In the context of a competition by Piraeus Equity Partners, PPC Renewables was declared as the preferred investor.

In particular, the sale agreement (SPA) of the shares of companies that own operating wind power plants with a total capacity of 44 MW and photovoltaic parks with a capacity of 2 MW was signed. The transaction was carried out through a competitive process, with the participation of Greek and international investment companies, in which PPC Renewables was deemed the preferred investor.

“We thank the participants of the competition for their strong interest. Piraeus Equity Partners, through the bidding process, made the best possible choice to defend the interests of its shareholders”, said Mr. Ion Tsakonas, CEO of Piraeus Equity Partners.

For his part, the CEO of PPC Renewables, Mr. Konstantinos Mavros, said: “Staying true to our strategy, we are successfully continuing our commitment to expand our portfolio by further strengthening the presence of PPC Renewables in the Greek and not only the energy market. Completing the acquisition of these 46 MW will help us achieve our goal of becoming the country’s largest producer of renewable energy.”

The completion of the Transaction is subject to the usual conditions and approval procedures.

Grant Thornton acted as financial advisor and KLC Law Firm as legal advisor to Piraeus Equity Partners. The PPC Renewables team was supported in this transaction by Eurobank, through the Investment Banking department as financial advisor, Reed Smith as external legal advisor, KPMG as accounting and tax advisor and TÜV Austria Hellas as technical advisor.

Read the News today and get the latest news.
Follow Skai.gr on Google News and be the first to know all the news.