The Board of Ellaktor S.A. (ATSE:ELLAKTOR) announced the Spin off of Renewable Energy Sector of ELLAKTOR S.A on October 23, 2022. The transaction is approved by the Board of Ellaktor. The completion of the above spin-off is subject to the approval of the General Assembly of the shareholders of the Company, as required by law, as well as the receipt of all other necessary approvals.

As of November 29, 2022, the transaction is approved by shareholders of Ellaktor S.A.