The “AKTOR SOCIETE ANONYME HOLDING COMPANY, 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 Regulation, informs the investing public that it submitted an expression of interest proposal (the “Proposal”) to the company “MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.” (“MOTOR OIL”) for the acquisition of a 75% stake in the shares of the companies with the distinctive titles “ILEKTOR M.A.E.” and “THALIS E.S. S.A.”, 100% indirect subsidiaries of MOTOR OIL (the “Target Companies”).
The proposed transaction, according to the Proposal, may be implemented either through the acquisition of 75% of the shares of the company “MANETIAL LIMITED”, the 100% parent company of the Target Companies, or through the direct acquisition of 75% of the shares of each of the Target Companies.
“ILEKTOR M.A.E.” is active in the waste management sector, with an emphasis on the operation and exploitation of waste treatment units and concession projects (PPPs), in Greece and abroad, while “THALIS E.S. S.A.” is active in the design and construction of waste management projects and environmental infrastructure.
The Proposal is subject to the usual conditions precedent for similar transactions, including any required approvals from the competent regulatory authorities, as well as the conclusion 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 concluding a binding share purchase agreement (SPA) and shareholders agreement (SHA).
The Company will inform the investing public of any development that creates a disclosure obligation in accordance with Article 17 of Regulation (EU) 596/2014, the decisions of the Board of Directors of the Hellenic Capital Market Commission and the Athens Stock Exchange Regulation.