Press commentary: The company operating under the corporate name “Aktor Anonymous Company of Participations, Technical and Energy Projects” and the distinctive title “Aktor Group of Companies” (hereinafter the “Company” or “Aktor Group“), is informing the investment community of the following:
With regard to reports published today in the online press concerning advanced discussions about Greece’s second floating storage and regasification unit (LNG FSRU terminal), the Company notes that, given its expanding presence in the natural gas sector, it is actively evaluating various investment options linked to this market, which have the potential to strengthen its overall business plan.
In this context, discussions are currently underway with, among others, the “MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.” Group. However, at this time, there is no definitive decision or binding agreement that requires disclosure to the investment community.
Whenever there are business developments that require disclosure under the applicable regulatory framework, the Company makes such disclosures in full compliance with capital market law — specifically Article 17 of EU Regulation 596/2014 — and the regulations of the Euronext Athens Stock Exchange. This update is being issued in accordance with EU Regulations 596/2014 of the European Parliament and of the European Council, and following a relevant inquiry from the Hellenic Capital Market Commission.
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AKTOR: Announcement on significant business developments
“AKTOR ANONYMOUS COMPANY OF PARTICIPATIONS, TECHNICAL AND ENERGY PROJECTS” (hereinafter the “Company”), in accordance with EU Regulation 596/2014 of the European Parliament and of the Council, and the regulations of the Athens Stock Exchange, is informing the investment community that it has submitted a non-binding letter of interest (the “Proposal”) to “MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.” (“MOTOR OIL”) for the acquisition of a 75% stake in the companies operating under the distinctive titles “ILECTOR M.S.A.” and “THALIS E.S. S.A.”, both 100% indirect subsidiaries of MOTOR OIL (the “Target Companies”).
The proposed transaction, as outlined in the Proposal, may be implemented either through the acquisition of 75% of the shares of “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 individually.
“ILECTOR M.S.A.” operates in the waste management sector, with a focus on the operation and exploitation of waste treatment facilities and concession projects (PPPs), both in Greece and abroad. “THALIS E.S. S.A.” specializes in the study and construction of waste management and environmental infrastructure projects.
The Proposal is subject to conditions customary for transactions of this nature, including any required approvals from competent regulatory authorities, as well as the execution of a final binding agreement. Following the submission of the Proposal, the Company and MOTOR OIL have agreed to enter into a period of exclusive negotiations, with the aim of concluding a binding Share Purchase Agreement (SPA) and a Shareholders’ Agreement (SHA).
The Company will keep the investment community informed of any developments that trigger a disclosure obligation under Article 17 of EU Regulation 596/2014, the decisions of the Board of Directors of the Hellenic Capital Market Commission, and the regulations of the Athens Stock Exchange.
