Greece's PPC raises €4.25 billion in capital increase

Public Power SA

21/05/2026 06:47

May 21 (Reuters) - Public Power Corporation (PPC) DEHr.AT set the final price for its share offering at €18.63 a share, raising €4.25 billion ($4.94 billion) after strong investor demand, the Greek utility said late on Wednesday.

The offering was multiple times oversubscribed, with most new shares expected to be allocated to existing shareholders, the Athens-listed group added.

PPC will issue 228,126,677 new ordinary shares

The Hellenic Republic subscribed for approximately €1.3 billion through the national economy and finance ministry

Aeolus Holdings, owned by CVC-advised funds, subscribed for about €1.2 billion worth

Demand came from investors such as Qatar Investment Authority and K Group Capital Partners

The group may sell up to 13.4 million treasury shares at €18.63 each to meet excess demand

Detailed allocation results expected on May 25

($1=€0.8605)

 (Reporting by Antonis Pothitos; Editing by Clarence Fernandez)

 ((antonis.pothitos@thomsonreuters.com; +48 58 769 65 78;))