One of the biggest financial injections of recent years in the Greek energy market progresses IPTO of Shareholders, opening today, June 16th, the book of offers to increase its share capital. The process will be completed on 18 June, with a view to raising total funds of ECU EUR 530 million; which will fund the new development phase of the Administrator.
Of the total amount, 250m euros will come from private and institutional investors, while the remaining 280m euros will be covered by the Greek State through DS IPTO, maintaining the company's share composition unchanged, where the State holds 51% and private investors 49%.
According to the company's announcement, an agreement was signed with Capital World Investors, an investment arm of Capital Group, which committed to participate in the International Offer by purchasing shares worth up to 70 million euros, under certain conditions and conditions.
The first indications from the market are particularly encouraging. According to reports, the pre-marketing phase has already shown an investment interest of EUR 1 billion, a fact that leads to overcompensation of the amount to be made available by at least four times.
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