MOTOR OIL (GREECE) CORINTH REFINERIES S.A. announces that on May 29, 2026, its wholly-owned subsidiary, IREON INVESTMENTS LTD (headquartered in Cyprus) signed an agreement to acquire a 60% stake in the company known as EN.ACT ENVIRONMENTAL-ENERGY SINGLE-MEMBER S.A. (trading as ENACT S.A.).
The latter operates in the field of integrated waste management, providing services that include advanced waste collection, transport, and treatment systems and related activities.
The decision to acquire a majority stake in the share capital of ENACT S.A. is consistent with the MOTOR OIL Group’s strategy to strengthen its presence in the Circular Economy sector.
The completion of the transaction is subject to the fulfillment of conditions precedent, including obtaining approval from the competent Competition Commission.
MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. will keep investors informed regarding the progress of the transaction through subsequent announcements or via its interim and annual financial reports.