The proceeds from the offering will be used to finance ongoing capital expenditure projects of PPC and its subsidiaries and to pay the costs and expenses of the offering. PPC intends to list the bonds on the Euronext Stock Exchange in Dublin for trading on the international stock market or some other suitable trading venue in the European Union.
According to the listed company’s announcement, the proceeds from the Offer will be used to finance the ongoing capital expenditure projects of PPC and its subsidiaries and to pay the costs and expenses of the Offer. It is not possible to guarantee the realization of the Offer, nor the aforementioned amount, it is emphasized in the same announcement.
PPC intends to list the Bonds on the Euronext stock exchange in Dublin for trading on its Global Exchange Market, or on another suitable trading venue in the European Union.
Citigroup Global Markets Europe AG, Goldman Sachs Bank Europe SE and HSBC Continental Europe act as joint International Coordinators and Lead Book Book Managers, and BNP PARIBAS, Deutsche Bank Aktiengesellschaft, Nomura Financial Products Europe GmbH, Société Générale, and Alpha Bank S.A., Eurobank S.A., National Bank of Greece S.A., Optima Bank S.A., Piraeus Bank S.A., Ambrosia Capital Monoprosopi S.A., AXIA Ventures Group Limited, and Euroxx Securities AEPY are jointly acting as Joint Bid Book Managers in relation to the Offer. The roadshow of the Offer will start on October 21, 2024.
Closure
PPC is South East Europe’s leading electricity company and critical infrastructure operator, operating mainly in Greece and Romania. For more than 70 years, PPC has been at the forefront of Greece’s energy sector and an integral part of the country’s electrification. It is the largest producer and supplier of electricity, providing electricity to approximately 5.6 million end customers as of June 30, 2024.
It also owns 51% of the Hellenic Electricity Distribution Network Operator SA, the sole owner and operator of the electricity distribution network in the country. In Romania, PPC is the largest energy supplier and the second largest electricity distribution network operator, providing energy to approximately 3.2 million end customers as of June 30, 2024.
“PPC is a listed company and its shares are traded on the Main (Regulated) Market of the Athens Stock Exchange with a capitalization of approximately €4.3 billion on June 30, 2024,” the announcement concludes.
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