With liquidity of more than €700 million from the sale of stakes, Ellaktor will focus on concessions and real estate.

CONCESSIONS

The company says that through concessions, stable cash flows are ensured, as well as stable revenues and profits. The concessions, from 2027 (Aegean Motorway, Bridge) to 2030 (Olympia), will start to mature and provide returns and dividends until 2041-2044 (depending on the maturity).

The PPPs in BOAK (20%) and Peloponnese (60%) are also in progress, from which the company expects dividend income of €1bn over a number of years. Recall that it has a 27.7% stake in Gefira (and 29.48% in its operation), 22.22% in Aegean Motorway, now 20.48% in Olympia (absorbed part of Hochtief's stake), and 71% in Morea.

THE THREE PROJECTS IN REAL ESTATE

In the real estate development plan, through Reds, three projects are being prepared: the Alimos Marina, Cambas Park and the Gournes Heraklion site, with investments expected to exceed €350m for these projects.

€350 MILLION OF CAPITAL

Yesterday's general meeting approved a capital return of €0.85 per share. Specifically, it approved the increase of the share capital up to the amount of €295 million by capitalizing part of the account "Difference from the issue of shares at par" and increasing the nominal value of each share up to the amount of €0.85. At the same time, the AGM approved the equivalent reduction of the company's share capital by reducing the nominal value of each share up to the corresponding amount of €0.85 and returning the amount of the share capital reduction to the shareholders by cash payment.

BOND LOAN

It is recalled that the company recently announced a €275 million bond loan secured by collateral as part of the refinancing of existing borrowings and to raise liquidity to finance its business activities.