Intrakat Management announced that in the context of further strengthening of its capital structure for the execution of its investment plan, it is in advanced negotiations for financing of its subsidiaries, with the total amount of up to 120 million euros jointly and equally from the National Bank. of Greece SA and Piraeus Bank SA (Organizing Banks), having signed the relevant basic indicative terms and conditions thereof, the implementation of which is subject to the usual conditions for financing of a similar nature.
As mentioned in the relevant announcement, the product of the financing will be used for the construction and operation of RES stations, including four mature wind farms with a capacity of 100 MW, as well as for the participation and implementation of PPP projects. It is noted that the company with the completion of the construction of the above four mature licensing projects, expects an increase in its consolidated operating profits at EBITDA level of over 14 million euros per year, on a recurring basis, while increasing its production capacity.
The finalization of the above financing in combination with the successful completion of the share capital increase of the company that is in progress, aims to strengthen the capital structure and expand its capital base, in order to smoothly continue its potential and extroverted investment. infrastructure construction projects, environment & technology projects, RES and PPP projects, as well as the development of targeted Real estate projects, placing the Company at the forefront of developments.
The Company’s Management estimates that 2022 will be a dynamic year full of opportunities and challenges and is working feverishly to secure the required funds, the utilization of which, combined with the know-how and experience of its human resources, will lead the Company to play leading role in its areas of activity, as well as to seize new opportunities to expand their investment portfolio.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
