Athens, July 24, 2023
Announcement – Regulated information
PPC S.A. (“PPC”) announces that, via its subsidiary PPC Renewables S.A. (“PPC Renewables”), it has signed an agreement with European subsidiaries of Lukoil Group to acquire a 100% stake in Land Power s.r.l., a Romanian wind park with a total installed capacity of 84MW.
The wind park is located in Dorobantu and Topolog, Romania, the regions with the best wind conditions in Romania and generates more than 200GWh per year.
The transaction was realized through a competitive process, with international companies participating, during which PPC Renewables was selected as the preferred bidder.
Kommunalkredit Austria AG acted as an exclusive buy-side advisor of PPC Renewables.
The closing of the transaction is expected in Q4 2023.