The sale of the remaining 25% of the company ANEMOS RES to Motor Oil Renewable Energy (MORE), a subsidiary of the Motor Oil Group, was approved by Ellaktor’s board of directors.
The sale of 75% of ANEMOS RES to MORE was completed in December 2022.
The price for the 25% stake amounts to 123.5 million euros.
The completion of the transfer of shares is subject to the approval of the general assemblies of the two companies. Upon the completion of the sale, the Ellaktor Group’s liquidity is estimated to exceed 650 million euros.
According to the announcement, this transaction is part of Ellaktor’s strategy for the optimal management of its holdings portfolio.
AKEREOS CAPITAL, based in the United Kingdom, acted as financial advisor to Ellaktor.
