PPC S.A announces the signing of a Joint Venture Agreement with Alpiq Central Europe Ltd. for the establishment of a commercial subsidiary company in Bulgaria, under the name PPC Bulgaria (PPC BG). PPC S.A. will hold a 85% stake of the share capital of the joint venture company and Alpiq Central Europe Ltd will hold 15%. Through this partnership, PPC seeks to penetrate neighboring electricity markets, το expand its cross-border activity beyond Greek borders and also το achieve synergies on know-how in regards to trading in multiple electricity markets, by acting together with an established company with presence in many European countries and significant experience in cross-border electricity trading.
Athens, August 1, 2013
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