The Greek Deal.com
MOTOR OIL
Shipowner and Motor Oil founder dies age 91
Shipowner Vardis Vardinoyannis, head of the Vardinoyannis Group and one of the most powerful players in the Greek economy, has died at the age of 91.
Fully insured for fire damage
It is recalled that on Tuesday afternoon a fire broke out at Motor Oil's facilities in Agioi Theodoroi, Corinthia, and the incident slightly injured 3 employees, who are all in good health.
Fire at its premises - Slightly improved situation
An alarm for a large fire at the refineries of motor oil in Agioi Theodoroi was raised on Tuesday afternoon at the Fire Brigade.
Proceeds with the acquisition of Helector from Ellaktor
The Motor Oil Hellas group is proceeding with the completion of the acquisition of Helector from Εllaktor.
Green hydrogen at the Corinth and Amyndeon refineries
The Motor Oil Group's plan for developing the new fuel includes, among other things, two green hydrogen production units at the refineries in Corinth and Amyndeon.
Bid of €114,7 million for Ηelector
In an announcement, Motor Oil stated that it is in talks with Ellaktor to purchase all of Helector's shares, which equates to 94.44% of the business's share capital and voting rights.
Due diligence on Helektor by Motor Oil
Εllaktor confirms that due diligence proceedings for its subsidiary Helektor are ongoing. It points out, however, that it has not yet received a specific offer.
Earnings of €806.6m in 2023, total dividend of €1.8m
Motor Oil: 1.383 billion EBITDA in 2023 - Net profit of EUR 806.6 million