Aktor: Investments to concession sector and RES after termination of Prodea deal

Aktor Group will allocate the equity superior of astir 50 cardinal euros, which was intended for the acquisition of Prodea’s existent property portfolio, to caller investments successful the concessions assemblage and successful RES (Renewable Energy Sources), according to Aktor’s president and CEO, Alexandros Exarchou.

Exarchou reiterated that there will σύντομα beryllium quality astir a caller concession declaration which it is negotiating to see successful the Group’s portfolio.

The crushed why the woody did not proceed

Explaining the determination not to proceed with the acquisition of the existent property portfolio, worth 579.4 million, helium noted that the statement with Prodea was – astatine the clip it was announced and agreed – advantageous for some parties, arsenic the Group was looking for aboriginal stable currency flows from premier properties, estimating that the complaint of summation successful the operation backlog could alteration successful the future.

Exarchou added: “What changed Aktor’s view was the information that securing the acquisition of Aktor Concessions brought the aforesaid flows and EBITDA (earnings earlier interest, taxes, depreciation and amortization) with a smaller and cheaper indebtedness burden. This led us to the determination not to participate into a hard transaction with galore uncertainties, such arsenic the anticipation of deflationary inflation, owed to the fiscal structure of this transaction.”