MYTILINEOS HOLDINGS S.A. in co-operation with Entesa Hellas to acquire Alexandroupolis-based wind energy company Evroenergiaki S.A. from Deutsche Erneuerbare Energien GmbH

MYTILINEOS HOLDINGS S.A., in co-operation with Endesa Hellas and in line with the implementation of the commonly agreed strategy for the dynamic expansion in the Greek electricity market, announces the acquisition of an 80% equity stake in the share capital of Evroenergiaki S.A. from Deutsche Erneuerbasre Energien GmbH, an affiliate of Deutsche Bank, and Messrs. N. Jung and G. Voulgarakis.

Evroenergiaki is located in Alexandroupolis and engages in the development, construction and operation of Renewable Energy Sources (RES) with emphasis in wind farms in the greater area of Northern Greece. It operates a wind farm of a total installed capacity of 3 MW located in Alexandroupoli, has an installation licence for a wind farm of a total installed capacity of 30MW, while has a project pipeline of 100 MW in various stages of development. According to the terms and the consideration to be paid, the transfer of the shares will be effected by Endesa Hellas. The consideration to be paid can be up to EUR 16 million, out of which EUR 2 million corresponds to the assumption of bank debt.

This acquisition signals the further enhancement of Endesa Hellas’ RES project portfolio, reinforcing its shareholders’ commitment to become Greece’s largest independent power producer with a well balanced capacity generating portfolio of thermal and RES units.

Leveraging on Endessa’s proven technical and operational expertise as well as on MYTILINEOS’ growth potential and deep knowledge of the Greek electricity market, Endesa Hellas aims at playing a leading role in the Greek energy market as well as selectively expanding in South-East Europe.