The total value of the agreement amounts to €1.1bn and includes, among others, the offer, mandatory investments amounting to €180m over the next seven years and the expected revenues from the Concession Agreement for the Hellenic Republic.
The total amount takes also into account the expected dividends receivable by the HRADF for the remaining 7.22% shareholding as well as the estimated investments, in excess of the mandatory ones, until the expiration of the concession in 2051.
A file relating to the tender process will be submitted to the Court of Auditors in the coming weeks for a pre-contractual review of the legality of the process, and the share purchase agreement (SPA) will be signed, following the Court of Auditors’ approval.