The Greek Deal.com
HELLENIQ ENERGY
Over €2 billion of investment over three years under Vision 2025
HelleniQ Energy's investments under the Vision 2025 program have reached over €2 billion, with the aim of transforming HelleniQ Energy into an organisation that operates across the energy spectrum.
Signatures for the sale of 35% of HELLENiQ ENERGY to the HRDAF
For €208 million, the 35% stake in DEPA Commercial held by HelleniQ Energy will be transferred to the Hellenic Republic Asset Development Fund, following the approval of the transaction by the Boards of Directors of the two companies.
Target 10% in the electricity market with a focus on the Medium Voltage market
Elpedison aims to increase its market share in the electricity market by exploiting the expanded portfolio now offered by the Heleniq Energy Group.
The difference in philosophy led to the divorce with Edison - The new plan of the group
The different philosophy in the strategy to be followed in order for Elpedison to grow in the rapidly changing energy environment was the main reason that led Helleniq Energy to move to acquire 50% of Edison, the shareholder and partner with whom they have been working together since 2009.
Acquires 50% of Elpedison for a price of up to €195 million
Without any counterproposal from Edison, 50% of Elpedison is transferred to Helleniq Energy. Thus, the Greek group will own 100% of the company.
Agreement for the acquisition of 50% of Elpedison
HelleniQ Energy has concluded an agreement for the acquisition of 50% of Elpedison for a price of approximately €164 million.
Acquired a new portfolio of 110 MW projects in Kozani
Helleniq Energy has added 110 MW of photovoltaic projects in Kozani Prefecture to its already large portfolio in the region, rapidly implementing its strategic transformation plan "Vision 2025.".
Bid for 50% of Elpedison - Pending the response of the Italians
Helleniq Energy has submitted a bid for the acquisition of 50% of Elpedison, according to market sources, but the amount has not been disclosed, while Edison's response is expected within the next two weeks.
Comparable EBITDA for the third quarter amounted to €183 million
Helleniq Energy recorded strong operating performance across all activities, albeit with lower refining margins, for the nine months to 2024.
The second phase of exploration for hydrocarbons southwest of Crete begins
The consortium in the marine areas of the "Southwest of Crete" field officially proceeded to the second phase of exploration, as announced today by the Hellenic Hydrocarbons and Energy Resources Management Company.
Comparable EBITDA of €570 million in the first half of the year
HelleniQ Energy reported comparable EBITDA of €570 million and comparable net profit of €236 million for the first half of the year.