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).

Motor Oil Renewable Energy Single Member S.A. completed the acquisition of 75% of stake in Renewable Energy Sources Division of ELLAKTOR for approximately €670 million on December 14, 2022. The transaction has been approved by the Hellenic Competition Commission. Alexandros Metallinos and Aggeliki Tsatsi of Karatzas & Partners Law Firm acted as legal advisor to ELLAKTOR.