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.
For More Information Please Contact:
Dr. Kimon Steriotis, Head of Press
Athens 104 32
Tel: +30 210 5237129
Adrienne Develey, Head of Group Communications
Alpiq Management Ltd.
T: +41 62 286 74 42
Athens, August 1, 2013