ADMIE Holdings is entering a new phase of growth, as trading of the 130.8 million new common registered shares issued as part of the successful €530 million share capital increase.
The funds that will flow into ADMIE are expected to accelerate the implementation of critical infrastructure projects, such as the power interconnections for the Dodecanese and the North Aegean islands, as well as the new power interconnection between Greece – Italy. These projects are considered crucial for strengthening energy security, integrating more renewable energy sources, and further unifying the European electricity market.
The head of Euronext Athens, Yiannos Kontopoulos, noting that its successful completion creates the conditions for accelerating projects that are at the heart of the country’s energy transition.
For his part, ADMIE Chairman and CEO Manos Manousakis described the successful capital injection a “change of course” for the Operator, emphasizing that it represents recognition of the progress achieved in recent years and, at the same time, a vote of confidence in the Greek economy from major international investment funds.
During the ceremony marking the start of trading in the securities, Mr. Manousakis thanked the Greek government, the Group’s employees, the shareholders, institutional investors, and the citizens who supported the capital increase, emphasizing that ADMIE will consistently continue to implement the investments the country needs and will actively contribute to Greece’s energy transition.
The Minister of Environment and Energy, Stavros Papastavrou, also placed particular emphasis on the importance of the capital increase, describing it as a development with a threefold positive impact—financial, energy-related, and social. As he noted, the success of the offering is reflected not only in the high oversubscription rate but also in the caliber of the participating investors, with leading international investment firms expressing interest in the company.
The minister congratulated the management teams of ADMIE and ADMIE Holdings, as well as the banks that coordinated the process, noting that the protection of investors participating through the Greek public offering was fully ensured. At the same time, he described ADMIE as the “backbone” of the country’s energy system, emphasizing that without strong electricity transmission networks, Greece cannot develop into a regional energy hub, in line with the strategy outlined by the government.