The Greek Deal.com
MOTOR OIL GROUP
Appeal to the Court of Justice on the fine imposed by the Competition Commission
Motor Oil considers the recent decision of the Competition Commission to impose a fine to be completely incorrect and unsustainable, with the listed company announcing today that it will appeal to the competent courts for its annulment.
What the company says about the Competition Commission fine
The Competition Commission has fined Motor Oil €9.2 million for obstructing an ex-officio inspection that a team of the Commission attempted at the Corinth refineries.
19% increase in half-year EBITDA - At €639 million
Motor Oil Group presents a significant increase in profits in the first half of 2024 compared to the corresponding period of 2023, as the profits in the financial results announced.
The General Meeting approved the acquisition of Helector
Today at Motor Oil's Extraordinary General Meeting, the acquisition of Helector was approved through its subsidiary Manetial Limited.
Completed the purchase of Helector from Ellaktor
The acquisition of 94.44% of Ηelector by Motor Oil for €114,731 million was completed.
Green light on dividend - record €1.8 per share
The energy group's Annual General Meeting approved Motor Oil's largest dividend payment since the company went public, which was for the most recent fiscal year.
Invests in two photovoltaic parks in Romania
Together with a Romanian company, Motor Oil is investing in two photovoltaic parks in Romania.
€354 million EBITDA for the first quarter of 2024
The Motor Oil Hellas Group recorded a 10% decrease in turnover from €3.307 billion in the first quarter of 2023 to €2.979 billion in the first quarter of this year.
25% of Anemos Sold to Motor Oil Group
At a consideration of 123 million euros, 25% of Anemos Res Holdings is transferred to More, a part of the Motor Oil Group, which already holds the remaining 75% of the shares.