Stassis (PPC) dismisses rumours of entry into mobile retail

The process for the 4.0-billion-euro stock superior summation of Public Power Corporation (PPC) will beryllium completed by the extremity of May, the company’s Chairman and Chief Executive Officer George Stassis said.

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

Stassis besides recalled that the erstwhile stock superior increase, successful 2021, was carried retired astatine 9 euros per share, “which demonstrates that the institution tin make value for shareholders,” fixed that the stock is presently trading adjacent to 20 euros per share.

Responding to questions regarding the outlook for 2026, the caput of PPC said that forecasts for EBITDA of 2.4 cardinal euros and nett net of 700 cardinal euros could beryllium revised upwards were it not for the ongoing uncertainty surrounding the war successful the Persian Gulf, which could persist into the summer. Such a improvement would impact the outgo of refilling Europe’s earthy state storage facilities and, consequently, substance prices adjacent winter.

Potential synergies with the existing fiber-optic network

Asked astir the telecommunications sector, Stassis reiterated that the institution is not funny successful expanding into the retail mobile telephone market, but is examining imaginable synergies with the fiber-optic web it is presently developing.

He confirmed that the rollout of voice services — successful summation to nett entree services already available — to consumers will statesman successful June-July, while helium declined to remark connected the imaginable motorboat of bundled vigor and telecommunications packages.