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> Economy

ASE: The first listing in the Greek market after five years!

Elliniki Technodomiki Anemos to make debut in ASE next week‏

Newsroom July 4 04:08

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Elliniki Technodomiki Anemos will make its debut in the Athens Stock Exchange next week, marking the first listing in the Greek market after five years (the previous listing in the main market was in July 2009).

A. Kallitsantsis, Chairman and Chief executive of the company, speaking to reporters, during a news conference, said there were three reasons behind the decision to list in the Athens Stock Exchange: 1) approval of a new regulatory framework for renewable energy sources, 2) resolving the problem of market liquidity (expected by the end of the year) and 3) the Greek economy exited its stabilization stage and was entering growth.

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Elliniki Technodomiki Anemos is a company with activities in energy production from renewable energy sources, basically windpower parks.

It owns energy production units in operation with a power of 171 MW. The money from its share capital increase plan will be used to complete four new windpower parks with a total power of 93.5 MW, currently under construction.

Other projects with a power of 323 MW were currently under licensing procedures. Revenues totaled 37 million euros in 2013.

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