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2018

21/06/2018

Regulated information: Announcement of business developments

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. announces that it has entered into a share sale and purchase agreement for the acquisition of a 90% stake of the company NRG TRADING HOUSE S.A. (registered address:  Kifisias Avenue & Sofokleous street, zip code: 151 26, Maroussi, GREECE). The selling shareholder is the Cyprus based company NRG GLOBAL ENERGY TRADING HOUSE LTD which is the sole shareholder of NRG TRADING HOUSE S.A. Following the completion of the transaction the stake of NRG GLOBAL ENERGY TRADING HOUSE LTD in NRG TRADING HOUSE S.A. will be reduced to 10%.

NRG TRADING HOUSE S.A. commenced its activities in 2012 and engages in the energy sector as electrical energy supplier while its current market share is above 1%. The portfolio of NRG TRADING HOUSE S.A. includes large business groups, small and medium sized enterprises, as well as household customers.

The agreement is subject to the approvals by the competent authorities. MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. will update the investment community regarding the progress of the transaction with subsequent announcements or through its interim and yearly financial reports.

 Maroussi, June 21st, 2018

The Board of Directors

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