Completion of the Acquisition of 50% of the Share Capital of Elpedison B.V.

HELLENiQ ENERGY Holdings S.A. (the “Company") announces the completion of the acquisition (the “Transaction”) from "Edison International Shareholdings S.p.A.” of 50% of the share capital of Netherlands-based "Elpedison B.V.", owner of 100% of its Greek subsidiary "Elpedison Power Generation Single Member Société Anonyme ("ELPEDISON"). The Transaction has been successfully completed following the granting of the required approvals from the competent regulatory authorities, both in Greece and internationally.

The final consideration for the Transaction amounts to €164m, plus an amount of €19m due to an increase in cash reserves, resulting from differences in specific balance sheet items. 

Consequently, both Elpedison B.V., and ELPEDISON are fully consolidated into the HELLENiQ ENERGY Group as wholly owned subsidiaries of the Company.