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    PPC   GRS434003000

PUBLIC POWER CORPORATION S.A.

(PPC)
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State-Backed Funds in Greece May Cut Controlling Stake in PPC

09/24/2021 | 03:57am EDT

Hellenic Corporation of Assets & Participations S.A. (HCAP) and one of its subsidiaries may lower their combined 51% shareholding in Public Power Corporation S.A. (ATSE:PPC) (PPC SA), they said on September 23, 2021. Currently, Hellenic Corporation of Assets and Participations (HCAP) owns 34% of PPC, while its investment advisory arm Hellenic Republic Asset Development Fund S.A. (HRADF), which manages the privatisation of public assets in the country, holds 17%. In a press release indicating their support for a proposed share capital increase by PPC, the funds said they are considering a plan to trim their interest stakes in the utility to a combined blocking minority stake. The goal of the proposal is to raise both the free float and private participation to create long-term value for the company and its investors. The plan would be subject to market conditions, the state-backed funds noted.


ę S&P Capital IQ 2021
All news about PUBLIC POWER CORPORATION S.A.
02:36aPUBLIC POWER S A : Cornerstone Agreement with Investor in connection with Share Capital In..
PU
10/20PUBLIC POWER S A : Resolutions of the Extraordinary General Meeting of the Shareholders of..
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10/19PUBLIC POWER S A : Greek power utility PPC gets shareholder approval for stake sale
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10/07PUBLIC POWER S A : RWE enters Greece via solar JV with Public Power Corp
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10/07RWE enters Greece via solar JV with Public Power Corp
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09/30PUBLIC POWER S A : Announcement - Regulated Information according to L. 3556/2007
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09/24State-Backed Funds in Greece May Cut Controlling Stake in PPC
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09/23PUBLIC POWER S A : Greece mulls lower stake in PPC, say state-backed funds
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09/23PUBLIC POWER S A : Macquarie named preferred bidder for stake in Greek power grid operator..
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09/23PUBLIC POWER S A : Capital Raising through Share Capital Increase for the funding of PPC G..
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Analyst Recommendations on PUBLIC POWER CORPORATION S.A.
More recommendations
Financials
Sales 2021 4 712 M 5 459 M 5 459 M
Net income 2021 110 M 127 M 127 M
Net Debt 2021 3 287 M 3 809 M 3 809 M
P/E ratio 2021 28,3x
Yield 2021 -
Capitalization 2 107 M 2 446 M 2 441 M
EV / Sales 2021 1,14x
EV / Sales 2022 1,21x
Nbr of Employees 13 190
Free-Float 48,9%
Chart PUBLIC POWER CORPORATION S.A.
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Public Power Corporation S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends PUBLIC POWER CORPORATION S.A.
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Last Close Price 9,07 €
Average target price 13,32 €
Spread / Average Target 46,9%
EPS Revisions
Managers and Directors
Georgios Stassis Chairman & Chief Executive Officer
Alexandridis Konstantinos Chief Financial Officer
George Venieris Independent Non-Executive Director
Despina Doxaki Independent Non-Executive Director
Stephanos Theodoridis Independent Non-Executive Director
Sector and Competitors
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