HELLENIQ Takes Over Elpedison
HELLENIQ ENERGY signed a deal on Friday to acquire the remaining 50% stake in Elpedison, becoming the company’s sole shareholder, CE Report quotes Athens-Macedonian
The agreement, originally reached at the end of 2024 with Edison, marks a major step in the transaction process. According to company sources, the deal’s completion now depends on regulatory approval, expected in Q2 2025. A rebranding of Elpedison is planned for the third quarter.
The announced value of the buyout is approximately €164 million, with potential adjustments of up to €31 million. The final amount will be confirmed after outstanding balance sheet items are settled.
