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Brief: QIA Participates As An Anchor Investor In Public Power Corporation's Capital Increase

May 25 - Qatar Investment Authority (QIA) :

QIA ANNOUNCES PARTICIPATION AS AN ANCHOR INVESTOR IN THE SHARE CAPITAL INCREASE OF PUBLIC POWER CORPORATION S.A. (PPC)

OFFERING WAS MULTIPLE TIMES OVERSUBSCRIBED, RAISING €4.25 BILLION FROM PRIMARY SHARES AND AN ADDITIONAL €250 MILLION THROUGH A SECONDARY PLACEMENT OF TREASURY SHARES, PRICED AT €18.63 PER SHARE

SHARE CAPITAL INCREASE WAS SUPPORTED BY CORNERSTONE INVESTMENTS FROM THE GREEK STATE, WHICH SUBSCRIBED FOR APPROXIMATELY €1.3 BILLION, AND AEOLUS HOLDINGS S.À R.L. SUBSCRIBED FOR APPROXIMATELY €1.2 BILLION

NEW SHARES ATTRACTED SIGNIFICANT DEMAND FROM A NUMBER OF GLOBAL, LONG-TERM INSTITUTIONAL INVESTORS AS WELL AS K GROUP CAPITAL PARTNERS, THE PRIVATE EQUITY FUND CONTROLLED BY  KYRIAKOU FAMILY, WHICH HAS QIA AS A STRATEGIC PARTNER

INVESTMENT REINFORCES QIA'S BROADER COMMITMENT TO GREECE AS WELL AS EXPANDING THE COLLABORATION WITH K GROUP CAPITAL PARTNERS

((Reuters.Briefs@thomsonreuters.com;))

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