Sunlight Group, a member of the Olympia International Investment Group, announces that it has raised a share capital of € 70 million from the company’s shareholder.
This decision demonstrates the significant commitment of the Olympia Group in the development business plan of Sunlight, the company states in a relevant announcement and adds: Commitment to be added to the recent signing of loans of € 275 million with the systemic banks Eurobank, Alpha Bank and National . The funds will be used to implement the company’s ambitious 5-year business plan to become a global leader in integrated and innovative energy storage solutions.
Commenting on the announcement, Mr. Lambros Bisalas, CEO of Sunlight Groupnoted: “The share capital increase covered by the shareholder of the company, is another important moment for Sunlight and its people, in the context of development and expansion of the company. Our shareholder fully and practically supports the ambitious transformation of Sunlight Group and encourages us to continue to envision a company with an international leading role in high technology and with a global trading presence.The share capital increase of € 70 million, combined with the bank lending provided by Sunlight for the next 7 to 12 years, provides us with the necessary funds to implement our € 560 million business plan.We remain committed to our strategic priorities to achieve our goals and create even greater value for our shareholder, our people, our local communities, and the national economies of the countries in which we operate “.
From his side Olympia Group, the Executive Chairman, Mr. Giannis Karagiannisstressed: “It is a great pleasure for us to be helpers in the rapid growth of the Sunlight Group. We stand by the management and the executives of the company, in their effort to make Sunlight a real leader in a critical sector for Greece and Successful implementation of the energy transition is intertwined with new technologies and energy storage applications, such as those developed by Sunlight at its Development & Innovation Centers in Greece and abroad. necessary funds that have been secured will lead the company to new and even greater successes internationally “.
The company’s ongoing five-year plan focuses on strategic investments to expand Sunlight’s production capacity to lead-acid batteries, lithium-ion batteries, and energy storage systems. For the further technological upgrade of the company’s facilities in Greece (Xanthi, Komotini and Kilkis), Italy (Verona and Viniola), and the USA (North Carolina). For the development of innovative products in the field of lithium batteries. And for the expansion of the company’s global sales, distribution and service network. Sunlight is one of the fastest growing companies in the field of batteries and energy storage, and among the world’s leading in off-road applications for electricity and energy storage from renewable sources.
Source: Capital
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