Public Power Corporation

ATHEX: Bourse benchmark rises almost 8% in one week

Stocks on the Greek bourse continued their impressive rally following last Sunday's election with another day of robust growth and turnover, taking the Athens benchmark to a new nine-year high on Friday. Adding to the momentum was the Motor Oil deal for the takeover of a solar energy company that brings it back into partnership with Public Power Corporation.

Amidst uproar over skyrocketing energy costs, Mitsotakis announces rebates for households

By George Gilson

Prime Minister Kyriakos Mitsotakis announced in a nationally televised statement this evening that the government will give households with an annual income of up to 45,000 euros a rebate equivalent to 60 percent of the energy price hikes that occurred from December 2021 and up  until this month.

PPC – Green light from the General Assembly for share capital increase

With an overwhelming majority of over 99%, the body of PPC shareholders approved the increase of the company's share capital by 750 million euros and the sale of 232 million new shares.

At the same time, the extraordinary general meeting of shareholders approved the transfer of 49% of HEDNO to Maquarie a fund member company from Australia.