The Board of Directors of F.G. Europe decided and will bring to the approval of the General Assembly of Shareholders on its meeting today the participation of the company with 40% in the under establishment company R.F. Energy Holding Company. In this company will also participate except F.G. Europe, a company of Restis Group interests with 50% and Mr. Georgios Fidakis with 10%. The cooperation of the two Groups aims to the development of an institution with strong capital structure that will be among the frontrunners in the next years, investing in the energy sector. R.F. Energy A.E. will concentrate all businesses of the two groups in the segment of renewable energy sources. The share capital of the under establishment company will amount 10 mil. euro.

A team has already been established that will study and finalize details for:
- Organizational structure.
- Business plan.
- The investments of the new under establishment company.
For any developments the regulatory authorities and the investment community will be informed promptly.