As stated by the listed company's 100% subsidiary, "AKTOR RENEWABLES SINGLE MEMBER S.A.," a binding Share and Bond Purchase Agreement was signed today with the company "GREENLINE S.A." regarding the acquisition of 51% of its share capital and an equivalent 51% of the bonds of the company "SUN FORCE ONE S.A."
The seller, associated with the families of Konstantinos Mitsiolidis and Bozatzidis, as well as individuals from these families, retains a 49% share in the equity of SUN FORCE ONE.
SUN FORCE ONE, which operates in the renewable energy project development sector, holds a portfolio of 42 photovoltaic stations with an installed capacity of 36.93 MWp and a maximum production capacity of 36.17 MWp. These projects are located in the regional units of Thessaloniki, Kavala, Pieria, and Halkidiki. Of these, 33 projects with a total installed capacity of 30.38 MWp are operational under long-term power purchase agreements with the Renewable Energy Sources and Guarantees of Origin Operator (DAPEEP), and 9 projects have been constructed and are expected to complete their connection to the grid soon.
The annual EBITDA of these projects is estimated at €3.2 million.
The goal of the agreement between the parties is the development, construction, and operation of renewable energy projects with a total capacity of at least 200 MW.
This acquisition aligns with the strategic plan presented by the Company in October 2024 for the development of the Renewable Energy Sources sector. Attica Bank acted as the financial advisor to both parties in completing the transaction.
