IPTO releases an Invitation to submit an Expression of Interest in the context of a proposed sale of a minority stake in Ariadne Interconnection (Correct Repetition)

IPTO releases an Invitation to submit an Expression of Interest in the context of a proposed sale of a minority stake in Ariadne Interconnection

Special permission of the Board of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. to its subsidiary MOTOR OIL RENEWABLE ENERGY SINGLE MEMBER S.A. to proceed with transactions with related parties pursuant to articles 99-101 of the Law 4548/2018

Following its announcement issued on 6 May 2022, MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. (The “Company”) hereby announces that its Board in its meeting dated August 4th, 2022 decided to grant a special permission allowing its subsidiary MOTOR OIL RENEWABLE ENERGY SINGLE MEMBER S.A. (“MORE”) to proceed with the acquisition of 75% of the share capital of a company to be established, which will own ELLAKTOR's RES portfolio with overall operating capacity of 493 MW, as well as ELLAKTOR's development and storage project pipeline with capacity exceeding 1.6 GW.

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