Greek PPC: How the deal with Enel is progressing – The hidden term in the exclusivity contract

PPC’s negotiations with Enel for the acquisition of the assets of the Italian energy group in Romania have entered the final stretch.

According to OT sources, the Greek company is conducting due diligence on the assets of the Italians in the Balkan country. Consultants who have undertaken the process of investigating and “scanning” the assets in Romania are dusting off… every size in the financial and technical data that have come to the knowledge of PPC.

The hidden term

According to what has become known, the negotiations between PPC and Enel based on the exclusivity contract signed by the two companies will last until the end of January.

However, according to OT information, there is also a clause in the exclusivity contract that allows the discussions to be extended for one more month, i.e. for February.

Sources do not rule out that another month of negotiations will be required, as due to the holiday some due diligence procedures were delayed.

Optimism

However, sources who are aware of the negotiations and the due diligence, are optimistic about the closing of PPC’s agreement with Enel. The deal will send the Greek company outside its borders for the first time, and indeed in a critical period in the middle of the energy crisis.

The strategic plan

The administration of Giorgos Stassis went further behind the presentation of the updated strategic development plan of PPC.

Analysts were used to learning the company’s investment plans and goals for the coming years every December.

The information wants the updated plan to be presented towards the end of February having also included the new data from the acquisition of Romania. According to estimates, PPC figures will be positively affected.