Completion of the transaction for the acquisition of a portfolio of Wind Parks
Further to a relevant announcement dated 31st of March 2021, MOTOR OIL (HELLAS) S.A. announces that on 14th of May 2021 the Hellenic Competition Commission approved the acquisition by TEFORTO HOLDINGS LIMITED* of the aggregate share capital of six companies in possession of a portfolio of twelve wind parks out of which eleven for an aggregate 220 MW capacity in full operation and one for 20 MW capacity under construction. The said six companies are also in possession of a portfolio of licenses to be developed for an aggregate capacity of 650 MW.
The closing of the transaction took place on 17th of May 2021 for a cash consideration of EUR 117.1 million.
Maroussi, 17 May 2021.
The Board of Directors
(*) A member company of MOTOR OIL (HELLAS) S.A. Group which manages its Renewable Energy Sector portfolio.