Quest Holdings S.A.  informs that its 100% indirect subsidiary “Quest Pylou Energy SA” acquired 100% of the share capital of the company "Kynigos S.A." on the 23rd of July 2019. The total amount of the transaction is  €21.3 million, plus an assumption of €3,3 million of net debt.

The  amount will be covered by €6.3 million of equity and €15 million of debt issued by banks.
Kynigos S.A. owns a photovoltaic power station of 11,963 MW, located  at the Municipality of Pylou – Nestoros  in Peloponnese. The above station is connected to the electricity transmission network through a proprietary MV/HV substation.

After this transaction, Quest Energy owns a total installed base of 25,2MW of power from renewable sources.