ANNOUNCEMENT CONCERNING BUSINESS/FINANCIAL DEVELOPMENTS IN THE COMPANY
Public Power Corporation S.A. announces that on 25.04.2018 there was voted the draft bill on “Structural measures on access to lignite and the further opening of the wholesale electricity market, and other provisions”, aiming at fulfilling the commitments of the Hellenic Republic towards the European Commission [EC] on January 19th 2018, as these were approved by the EC on April 17th , 2018, with regard to structural measures in respect of access to lignite in the context of the case COMP/38.700, through the divestment of relevant business assets and activities of PPC S.A. The said bill provides for the procedure and the terms of the spin off and the contribution by PPC S.A. of its lignite-fired generation capacity as described therein under, as well as the framework of the international tender process for the completion of said divestment.
The full text of the voted bill will be available on the company’s website www.dei.gr as soon as published οn the Government Gazette.
Athens, April 27, 2018