Greece's Public Power Corporation (PPC) announced plans on Monday to issue €500 million worth of senior unsecured notes due in 2031. This move, subject to market conditions, aims to raise capital for PPC's ongoing expansion projects and cover associated expenses.
The Public Power Corporation's (PPC) plans to penetrate the region of the Western Balkans and the Southeast Mediterranean were presented by PPC president and CEO George Stassis to the US Assistant Secretary of State for Energy Resources, Ambassador Geoffrey Pyatt, with whom he met in Washington.
The PPC on Friday announced that it has signed an agreement with Currys plc for the acquisition of Kotsovolos for a consideration that corresponds to an Enterprise Value of 200 million euros, on a debt free, cash free basis and excluding IFRS 16 lease liabilities.