Helleniq Energy plans for development of Elpedison

After acquiring 100% of Elpedison's share capital, the management of Helleniq Energy estimates that it will be able to dynamically develop the company, achieve significant synergies in the management of the electricity and natural gas production and trading units, and reflect this value on its balance sheet, the listed company's CEO said on Thursday.

Speaking during a presentation for the group, Andreas Shiamishis also stressed that the price of 164 million euros that it offered Edison for its share in Elpedison, and which may increase by an additional €30 million if the company collects receivables of €60 million within the next year, reflects the company's value today and the prospects for goodwill that will be created in the future from the acceleration of its growth and the increase in its market share.

The head of Helleniq Energy also noted that in the coming...