During the Extraordinary General Meeting of Shareholders held on Monday, October 6, 2025, the Chairman and CEO of the AKTOR Group, Mr. Alexandros Exarchou, emphasized that the completion of the acquisition of AKTOR Concessions secures, in combination with the Group’s existing portfolio of PPP and concession projects, revenue streams totaling €1.2 billion over time, and a backlog of €760 million in the concessions sector alone.
He noted that the integration of AKTOR Concessions into the Group, along with the Group's broader development, allows for revised upward financial targets, with EBITDA projected at €210 million in 2025 and €460 million by 2030 (on an annualized basis). Mr. Exarchou stressed that the Group aims to develop new revenue sources by entering additional business areas, thereby reducing dependence on the construction sector and limiting exposure to volatility in public works.
Strategic Shift Away from Real Estate Transaction
Mr. Exarchou also addressed the cancellation of the planned acquisition of a real estate portfolio from Prodea, explaining that when the decision was initially made, the prospect of acquiring a concessions portfolio such as that of AKTOR Concessions appeared remote. At the time, real estate was deemed the safer option for generating recurring revenue—even through a challenging, debt-heavy transaction like the one with Prodea.
However, once the opportunity to acquire AKTOR Concessions emerged, the Group reconsidered the Prodea deal. The concessions portfolio was viewed as aligned with similar business goals without the burden of excessive debt or high acquisition cost, leading the Group to shift strategy.
Focus on Renewables and New Business Lines
The acquisition of AKTOR Concessions enabled more effective capital allocation, accelerating growth not only in the construction and facility management sectors but also in renewable energy. Mr. Exarchou stated that renewables will become a growth area on par with concessions. He announced that the Group intends to complete one or two acquisitions in the renewables sector by the end of the year.
He also confirmed the finalization of the acquisition of ENTELECHEIA, a company specializing in electromechanical projects, adding that the Group continues to actively explore further acquisitions to drive growth.
A Historic Day for the Group
Calling the General Meeting a historic milestone, Mr. Exarchou noted the formal integration of both Construction and Concessions under one corporate umbrella, and welcomed the executives of AKTOR Concessions to the Group for the first time. He reflected on the journey that began in 2022 when Winex Investments entered what was then Intrakat, stating that within three years the Group has risen to second place in the market. This success is reflected in the Group’s current market capitalization of €1.8 billion.
Shareholder Confidence and Corporate Transformation
Mr. Exarchou expressed gratitude for the unprecedented support from shareholders, who participated in two capital increases totaling €300 million, and stated that with continued growth and improved cash reserves, the Group’s outlook will be even stronger.
He explained that AKTOR Group is creating five autonomous business pillars, distinct from the listed company, with the goal of maximizing shareholder value and protecting their interests.
“The best is yet to come,” Mr. Exarchou concluded, affirming that AKTOR was, is, and will remain the largest construction company in Greece, and potentially in Southeast Europe. He added that what has been achieved within the Group is unprecedented in Greece.
