Motor Oil Renewable Energy Single Member S.A. agreed to acquire 75% of stake in Renewable Energy Sources Division of ELLAKTOR on August 4, 2022. The Sale and Purchase Agreement with counterparties the companies MORE and ELLAKTOR S.A. was signed on 8 September 2022. The completion of the transaction is subject to the completion of ELLAKTOR's RES sector spin-off, the approval by the Hellenic Competition Commission, and the attainment of all other approvals and permits required by law.

As of September 8, 2022, the transaction has been approved by the shareholders of MOTOR OIL (HELLAS).