H Administration of EuronextAthens today welcomed the management, executives and partners of the PPC Group, on the occasion of the admission to trading of the new shares of the company resulting from the recent share capital increase. PPC Group Chairman and CEO Georgios Stassis declared the meeting open.
“This is the largest capital raising in the last 10 years and one of the largest ever recorded in the history of the Athens Exchange – EuronextAthens now, while being one of the largest and most successful capital issues across Europe in recent years. The fact that the international and domestic investment community has provided over €18bn is a clear signal that our market has the depth, maturity and structure to support and deliver transactions of this size,” said CEO EuronextAthens Giannos Kontopoulos adding, among other things, “PPC’s journey and impressive growth in recent years now constitute an international case study corporate transformation and value creation. Today, PPC is on a par with the leading European energy groups. From an inward-looking organisation, it has evolved into a modern, outward-looking and green energy leader. The management of PPC deserves warm congratulations as this success is the culmination of a bold, coherent and exemplary transformation, which has fundamentally changed the course and image of the company.”
For his part, Chairman and CEO of PPC Group, Georgios Stassis noted: “Today is a historic milestone for PPC and a strong vote of confidence by the Greek and international investment community in our vision for the new PPC. It also demonstrates in the most meaningful way the confidence of the international investment community in EuronextAthens and Greece in general. The funds raised enable us to accelerate our expansion in Central and Southeastern Europe, investing in critical energy and digital infrastructure, always with the customer at the centre. We sincerely thank our shareholders, investors and the Greek government and are committed to building on this trust to create even greater value for our shareholders, our customers and the Greek economy and society. Today is not the end of a journey, it is the beginning of a new one. With faith in our plan and with your support, together, the Group’s employees are building the new PPC.”
Finally, Vasiliki Lazarakou, the Chairwoman of the Securities and Exchange Commission said, among other things: “The successful completion of PPC’s capital increase, which was accompanied by the largest capital offering in the history of the Greek stock exchange, confirms the increased confidence of international investors in the prospects of the Greek economy and at the same time highlights the significant financing opportunities that the EuronextAthens. The Hellenic Capital Market Commission will continue to work to ensure a modern, reliable and fully harmonized institutional framework that supports and enhances the development of the Greek capital market.”
