PPC S.A. informs the investors' community that the Board of Directors of the Company approved the acquisition by its 100% subsidiary PPC Renewables S.A., of three wind parks in operation (with a total capacity of 24.65MW) and another three under development (with a total capacity of 48MW) from the BCI Group of Companies.
The relevant contract has not yet been signed, while the final acquisition cost will be determined after the completion of the financial and legal due diligence. PPC S.A. will proceed with a further announcement upon the signing of the acquisition contract.
Athens, September 3, 2010