Qatar Investment Authority (QIA) has announced its participation as an anchor investor in the share capital increase of Public Power Corporation S.A. (PPC), an integrated energy group across Southeastern Europe that is listed on the Athens Stock Exchange.
The offering was multiple times oversubscribed, raising €4.2 billion ($4.9 billion) from primary shares and an additional €250 million ($291 million) through a secondary placement of treasury shares, priced at €18.63 ($21.69) per share. The share capital increase was supported by cornerstone investments from the Greek state, which subscribed for approximately €1.3 billion ($1.5 billion), and Aeolus Holdings S.à r.l., an entity owned by funds advised by CVC Advisers Greece S.M.S.A. and/or its affiliates, which subscribed for approximately €1.2 billion ($1.4 billion).
The new shares, each with a nominal value of €2.48 ($2.89), attracted significant demand from a number of global, long-term institutional inv