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PPC
Investments of €10.1 billion by 2027, EBITDA target of over €3 billion by 2030
Investments of €10.1 billion over three years are foreseen in PPC's new, updated strategic plan 2025-2027, which will drive EBITDA to €2.7 billion in 2027 and over €3 billion in 2030.
€1.35 billion in EBITDA for the first nine months of the year
PPC recorded strong operating profitability with adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of €1.348 billion for the nine months to 2024.
New subsidiary in the certification sector - Cancellation of repurchase of own shares
PPC's entry into the certification market was unanimously decided by the company's shareholders at yesterday's Extraordinary General Meeting, during which it was also decided to cancel the repurchase of 12.7 million Treasury shares.
On the investment radar of Norges Bank
PPC is on the investment radar of Norges Bank Investment Management as Business Insight of BnB Daily reports.
4 times over-coverage for the 7-year bond - Pumping €600 million
The issuance of the new 7-year bond by PPC was a great success as the company finally raised the amount of €600 million, which increased compared to the initial target of €500 million.
Which major investments will be financed by the €500 million bond
PPC's €9 billion investment plan for the three-year period of 2024–2026 will benefit from the €500 million in proceeds from the five-year bond issue that the company announced.
Issues a €500 million bond maturing in 2031
PPC intends to issue €500 million in senior unsecured bonds maturing in 2031, according to an announcement.
4.3 GW of new clean energy in SE Europe from PPC
PPC Chairman and CEO George Stassis spoke about Europe's energy transition and the need to invest in the development of networks in order to accelerate the achievement of the desired goal at the BloombergNEF Summit in London.
The meaning of strategic agreement with Kopelouzos and Samaras Groups
PPC is taking an important step towards achieving its goal of increasing RES and diversifying its portfolio with the strategic agreement to acquire RES, in operation and under development, from the Kopelouzos and Samaras groups.
Acquires 629MW renewable energy portfolio in Romania
Evryo Group, whose assets are under the control of Macquarie Asset Management, has sold a sizable portion of its renewable energy portfolio to PPC.
Strong results with adjusted EBITDA at €927 million for the first half of the year
PPC Group reports strong results for the first half of the year, with adjusted EBITDA reaching EUR 927 million, up 57%.