The influx is spearheaded by the Public Power Corporation (PPC), which recently finalized a €4.5 billion share capital increase. The move shattered records on the Athens Stock Exchange, attracting more than €18 billion in bids. This capital underpins a €24 billion investment strategy through 2030, aimed at transforming the utility into a regional clean energy conglomerate with expanded reach into Southeastern Europe.
Investor appetite remains robust across the broader infrastructure landscape. Grid operator IPTO successfully concluded a €1 billion capital issue that saw 14x oversubscription, bolstered by participation from State Grid of China. Simultaneously, the petroleum refiner Motor Oil Hellas drew over €1.4 billion in bids for a €400 million bond offering. These maneuvers highlight a strategic shift as institutional heavyweights, including BlackRock, Vanguard, Norges Bank, and the Qatar Investment Authority, secure positions in Greece’s evolving industrial complex.
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