The two main shareholders, Hellenic Republic Asset Development Fund (HRADF) and the Latsis Group, are jointly proceeding with a significant increase in the percentage of Helleniq Energy’s share capital.
According to sources, both the PanEuropean Oil & Industrial Holdings (which is the largest shareholder of Helleniq Energy) and HRADF will dispose of a part of their equity stake in Helleniq Energy.
At this stage, negotiations are ongoing between the two sides to finalize the percentage of shares that will be available on the stock exchange by September, if market conditions allow it. However, legislative regulation (which is expected to be included in one of the first bills of the finance ministry) for the allocation of a percentage of its existing share should be preceded.
This move, which aims to strengthen the dispersion of Helleniq Energy’s shares on the Stock Exchange, aims to attract new investors. However, the entry of a strategic investor is not foreseen at this stage.
Helleniq Energy sources noted that “the matter concerns the shareholders and we do not know their intentions”.
