“AKTOR S.A. HOLDING, TECHNICAL AND ENERGY PROJECTS” (hereinafter the “Company”), in accordance with Regulation (EU) 596/2014 of the European Parliament and of the Council and the Athens Stock Exchange Regulations, hereby informs the investing public that it has submitted an expression of interest (the “Proposal”) to the company “MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.” (hereinafter “MOTOR OIL”) to acquire a 75% stake in the companies bearing the trade names “HELECTOR M.A.E.” and “THALIS E.S. A.E.”, which are 100% indirect subsidiaries of MOTOR OIL (the “Target Companies”).
The proposed transaction, according to the Proposal, may be carried out either through the acquisition of 75% of the shares of the company “MANETIAL LIMITED,” which is the 100% parent company of the Target Companies, or through the direct acquisition of 75% of the shares of each of the Target Companies.
“ “HELECTOR S.A.” operates in the waste management sector, with a focus on the operation and management of waste treatment facilities and public-private partnership (PPP) projects in Greece and abroad, while “THALIS E.S. S.A.” is active in the design and construction of waste management and environmental infrastructure projects.
The Proposal is subject to the conditions customary for similar transactions, including any required approvals from the relevant regulatory authorities, as well as the execution of a definitive agreement. Following the submission of the Proposal, the Company and MOTOR OIL agreed to enter into a period of exclusive negotiations, with the aim of entering into a binding share purchase agreement (SPA) and a shareholders’ agreement (SHA).
The Company will inform the investing public of any developments that give rise to a disclosure obligation in accordance with Article 17 of Regulation (EU) No. 596/2014, the decisions of the Board of Directors of the Hellenic Capital Market Commission, and the Athens Stock Exchange Regulations.