FOUNDATION OF THE SUBSIDIARY ‘EYDAP ISLANDS S.A.’
Athens, November 29th 2011
FOUNDATION OF THE SUBSIDIARY ‘EYDAP ISLANDS S.A.'
The establishment of the company EYDAP ISLANDS S.A., which is a 100% subsidiary of EYDAP S.A. was published in the Government Gazette (Issue of S.A. & LTD num. 6773/19.7.2011).
The purpose of the new company is to provide water supply and sewerage services, rainwater collection, waste management and a wide range of related to all above activities in the islands of Greece.
The establishment of the subsidiary Company will give the opportunity to EYDAP to utilize to its best extent the human resources and its considerable expertise, to expand its business, to increase its customer base and to improve the return on capital.
The activities undertaken in each island will be evidenced by a special contract signed by EYDAP Islands S.A. and the relevant Local Authority, within the framework of its reported business activity.
Recently, in the Government's Gazette was also published the constitution of the Board of Directors of the new company, in which the positions of the Chairman and the Chief Executive Officer are undertaken by Themistocles Lekkas and Nikolaos Bardis, Chairman and CEO of EYDAP SA, respectively.