Euronext Athens today welcomed the Management, executives and partners of ADMIE Holding S.A., on the occasion of the commencement of trading of the company’s issued pursuant to the company's recent share capital increase. The Chairman and Chief Executive Officer of ADMIE Holding, Ioannis Karampelas, and the Chairman and Chief Executive Officer of IPTO, Manos Manousakis, rang the bell to open today’s trading session.
“The strong oversubscription confirms the robust interest from both domestic and international investors. ADMIE Holding S.A., holding 51% of IPTO, constitutes the listed vehicle that offers direct exposure to the Operator of the Hellenic Electricity Transmission System. The funds raised will be used for its participation in the planned share capital increase of IPTO, amounting to approximately €1 billion, which will support the €6 billion investment programme for the period 2026–2029. As far as Euronext Athens is concerned, it is once again confirmed that it possesses the necessary depth and maturity to enable listed companies to finance their growth by raising new capital easily, swiftly and without distortions,” underlined, among other points, the CEO of Euronext Athens, Yianos Kontopoulos.
The Chairman and Chief Executive Officer of ADMIE Holding, Mr. Ioannis Karampelas, stated: “Today marks an important milestone for ADMIE Holding and its shareholders. The exceptionally strong response recorded in the Share Capital Increase essentially constitutes a vote of confidence in our strategy, in the growth prospects of IPTO, and in the crucial role played by the Operator in the country’s energy infrastructure. At the same time, it is yet another strong indication of the favourable investment environment prevailing in Greece, which, since 2019, has been continuously evolving thanks to the actions of the Governments of Kyriakos Mitsotakis. I would like to warmly thank our existing and new investors for their trust and support, as well as the Minister of Environment and Energy, Mr Stavros Papastavrou, for his contribution to the successful completion of the transaction. We now have the conditions in place for the implementation of one of the largest investment–strategic programmes of electrical interconnections in Europe, with significant benefits for energy security, the green transition and the long term creation of value for our shareholders.”
For his part, the Chairman and Chief Executive Officer of IPTO, Mr. Manos Manousakis, stated: “The strong demand expressed during the public offering of ADMIE Holding by the international and domestic investment community sealed the completion of IPTO’s capital strengthening, amounting to €1 billion. Following the participation of the Greek State, which has been successfully completed through the utilisation of Recovery and Resilience Facility funds, the support of institutional investors has also been confirmed. his represents a strong endorsement of the Operator's pivotal role both in the national energy strategy and in its development potential. These funds will support the Operator’s extensive investment plan concerning major island and international interconnections, which will transform the country’s electricity system and upgrade its position on the energy map. Already, the Operator’s project track record has contributed to the company’s international recognition, increasing its visibility and its evolution from a national to a regional player in critical energy infrastructure.”
The event was honoured by the presence of the Minister of Environment and Energy, Stavros Papastavrou, who stated: “The successful share capital increase of ADMIE Holding sends a triple positive message: financial, energy related and beneficial for the Greek citizen. IPTO’s network is the backbone of the country’s energy system. Without strong networks, there can be neither energy security, nor a meaningful energy transition, nor Greece as a modern energy hub. This is why the State maintains control of 51%. With the full interconnection of the Cyclades and the double interconnection of Crete with Attica and the Peloponnese, the savings in Public Service Obligation charges from 2026 to 2030 are estimated at an average of €550 million per year. Furthermore, with the integration of the Dodecanese and the Northern Aegean islands into the mainland electricity system from 2031, the annual savings from PSO charges are expected to almost double to €1 billion. In simple terms, today’s success does not concern only IPTO. It concerns the Greek economy, in which the international investment community is showing confidence. It concerns the country’s energy system, which is being strengthened. And it concerns the citizen, because stronger networks mean safer, more reliable and more affordable energy for all.”
The CEO of Eurobank, Fokion Karavias, stated, among other points: “The response of Greek and foreign investors to IPTO’s capital increase constitutes a vote of confidence in the prospects of the Greek economy. With the funds raised and the financing from Eurobank and the Greek banks, IPTO now has the capacity to ensure the energy security of the Greek islands of the Northern Aegean and the Dodecanese through their full interconnection with mainland Greece. At the same time, its plan for the development of a second electrical interconnection with Italy forms the foundation for Greece’s full integration into the European energy grid.”
Finally, the Chair of the Hellenic Capital Market Commission, Vasiliki Lazarakou, noted, among other points: “We are here today with great satisfaction because the case of IPTO demonstrates that our capital market substantially supports companies that proceed with strategic investments with a broader footprint for the Greek economy, such as the transformation of the country’s energy system. The fact that the share capital increase was oversubscribed — and indeed to a significant degree — by leading international funds shows that the Greek capital market is now on the radar of major foreign investors due to the progress and prospects of the country and its economy. This is an effort in which the HCMC contributes with all its strength.”
