Press Release - 01.08.2013

Establishment of commercial subsidiary in Bulgaria

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


Chalkokondili 32

Athens 104 32

Tel: +30 210 5237129

Adrienne Develey, Head of Group Communications
Alpiq Management Ltd.
Bahnhofquai 12
CH-4601 Olten
T: +41 62 286 74 42 

                                                                                                    Athens, August 1, 2013

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