METLEN ENERGY & METALS S.A.
Announcement - Completion of the acquisition of ENDESA HELLAS
Further to the announcement of 17.03.2010 regarding the acquisition of 50.01% of the share capital of ENDESA HELLAS held by ENDESA S.A., the Management of MYTILINEOS HOLDINGS S.A. informs the investing public that all relevant legal procedures have been completed and MYTILINEOS HOLDINGS S.A. has become the sole shareholder of ENDESA HELLAS PRODUCTION AND TRADE OF ELECTRICAL POWER S.A.
The total price of the acquisition, as it has been determined, amounts to €140 million and is being paid in instalments scheduled until 1 July 2012.
At the same time, ENEL GREEN POWER, subsidiary of ENDESA S.A. acquired by ENDESA HELLAS RES with a total installed power generation capacity of 15 MW for a price of €20 million.
The acquisition of the full control of ENDESA HELLAS marks MYTILINEOS HOLDINGS S.A. establishment as the country's largest independent energy producer with a portfolio of 1.2 GW of installed capacity from thermal plants in operation by 2011 and over 1,000 MW RES in different stages of development.
For More details, please contact: Mr Dimitrios Katralis, Investor Relations Department (Tel.: 210-6877476, Fax: 210-6877400, e-mail: dimitrios.katralis@mytilineos.gr).
The MYTILINEOS Group is a leading Greek industry active in Metallurgy & Mines, Energy and EPC Projects. Established in Greece in 1990, the Group's holding company, MYTILINEOS HOLDINGS S.A., is listed on the Athens Exchange, has a consolidated turnover of approximately €700 million and employs over 2,700 people in Greece and abroad. For more details, please visit the Group?s website at: www.mytilineos.gr.
The total price of the acquisition, as it has been determined, amounts to €140 million and is being paid in instalments scheduled until 1 July 2012.
At the same time, ENEL GREEN POWER, subsidiary of ENDESA S.A. acquired by ENDESA HELLAS RES with a total installed power generation capacity of 15 MW for a price of €20 million.
The acquisition of the full control of ENDESA HELLAS marks MYTILINEOS HOLDINGS S.A. establishment as the country's largest independent energy producer with a portfolio of 1.2 GW of installed capacity from thermal plants in operation by 2011 and over 1,000 MW RES in different stages of development.
For More details, please contact: Mr Dimitrios Katralis, Investor Relations Department (Tel.: 210-6877476, Fax: 210-6877400, e-mail: dimitrios.katralis@mytilineos.gr).
The MYTILINEOS Group is a leading Greek industry active in Metallurgy & Mines, Energy and EPC Projects. Established in Greece in 1990, the Group's holding company, MYTILINEOS HOLDINGS S.A., is listed on the Athens Exchange, has a consolidated turnover of approximately €700 million and employs over 2,700 people in Greece and abroad. For more details, please visit the Group?s website at: www.mytilineos.gr.