Current affairs - 12.07.2006

PPC in joint venture with Contour Global LLC to pursue energy and power acquisition and development opportunities in South East Europe.

  ANNOUNCEMENT


PPC S.A. announces the approval of the formation of a joint venture with Contour Global LLC to pursue energy and power acquisition and development opportunities in South East Europe.

Contour Global is a privately held energy , infrastructure development and operating company headquartered in New York with offices in Houston , Paris and Kyiv and whose principal shareholder is Reservoir Capital Group.

The Joint Venture partners are currently discussing with the European Bank for Reconstruction and Development (EBRD)the terms of their minority participation in the equity of this strategic partnership .

The new company will begin operations immediately and will be headquartered in Athens.
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