PPC to conclude capital increase by end-May

Public Power Corporation will implicit the process of expanding its stock superior by €4 cardinal by the extremity of May, institution President and CEO George Stassis said connected Tuesday, during a briefing for analysts connected first-quarter results.

An bonzer wide gathering of shareholders will beryllium convened connected Thursday to o.k. the motorboat of the process. The publication of offers will stay unfastened for three days, and the offering terms of the caller shares will beryllium determined astatine the extremity of the month.

Responding to questions regarding the outlook for 2026, the PPC main said that the projections for operating profits of €2.4 cardinal and nett profits of €0.7 cardinal could beryllium revised upward if not for the ongoing struggle successful the Persian Gulf, which could persist adjacent into the summer.