AKTOR HOLDINGS TECHNICAL AND ENERGY PROJECTS S.A. (hereinafter the "Company"), in accordance with Regulation (EU) 596/2014 of the European Parliament and of the Council and the Athens Exchange Regulation, informs the investing public that it has submitted a letter of intent (the "Proposal") to "MOTOR OIL (HELLAS) CORINTH REFINERIES S.A." ("MOTOR OIL") for the acquisition of a 75% stake in the companies under the trade names "ILEKTOR S.A." and "THALIS ES S.A.", 100% indirect subsidiaries of MOTOR OIL (the "Target Companies").
The proposed transaction, according to the Proposal, may be implemented either by acquiring 75% of the shares of "MANETIAL LIMITED", 100% parent company of the Target Companies, or by directly acquiring 75% of the shares of each of the Target Companies.
"ILEKTOR S.A." operates in the waste management sector, with an emphasis on the operation and exploitation of waste treatment plants and concession projects (PPPs) in Greece and abroad, while "THALIS ES S.A." is engaged in the study and construction of waste management and environmental infrastructure projects.
The Proposal is subject to the usual conditions for similar transactions, including any required approvals from the competent regulatory authorities, as well as the conclusion of a definitive agreement. Following the submission of the Proposal, the Company and MOTOR OIL agreed to enter into an exclusive negotiation period, with the aim of concluding a binding share purchase agreement (SPA) and a shareholders' agreement (SHA).
The Company will inform the investing public of any development that creates an obligation for disclosure under Article 17 of Regulation (EU) 596/2014, the decisions of the Board of Directors of the Hellenic Capital Market Commission, and the Athens Exchange Regulation.
Comment on Reports
The public limited company under the name "AKTOR Holdings Technical and Energy Projects S.A." and the distinctive title "AKTOR Group of Companies" (hereinafter the "Company" or "AKTOR Group") informs the investing public of the following:
With reference to today's reports that appeared in the online press regarding advanced discussions for the second Greek LNG storage and regasification terminal in Greece (FSRU), the Company notes that, given its development in the natural gas sector, it is considering various investment options related to this market, which may contribute to strengthening its business plan. In this context, there are discussions, among others, with the "MOTOR OIL (HELLAS) CORINTH REFINERIES S.A." Group, however, at the present time, there is no definitive decision or binding agreement that requires disclosure to the investing public.
Whenever there are business developments that require disclosure in accordance with the current regulatory framework, the Company makes such disclosures, always in compliance with capital market law and in particular Article 17 of Regulation (EU) 596/2014 and the regulations of the Euronext Athens Exchange Regulation.
This announcement is made in accordance with Regulations (EU) 596/2014 of the European Parliament and of the Council, and following a relevant query from the Hellenic Capital Market Commission.
