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;))