Announcement of Business Developments
MOTOR OIL (HELLAS) S.A. and PUBLIC POWER CORPORATION S.A. hereby announce that they have entered into a Shareholders' Agreement (The Agreement) for the establishment of a new company under the legal name HELLENIC HYDROGEN S.A. and shareholder structure as follows: MOTOR OIL - 51%, PPC - 49%.
The implementation of the Agreement and the formation of the new company are subject to the approval by the competent authorities to which the two shareholders will file an application.