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Structural Crete: Structural Energy is absorbing subsidiaries

DOMIKI KRITIS SA announced today that the Board of Directors of the subsidiary DOMIKI ENERGIAKI SA in which the issuer participates with a percentage of 97.51%, and has as object the construction and operation of electricity generation stations from Renewable Energy Sources, decided at the meeting of May 6, 2022 the merger with absorption of the subsidiaries “AEOLIKO VIANNOU SA. ” and “SOLAR PARK OF ZAKATHOS SA”.

The companies “AEOLIKO VIANNOU SA.” and “ZAKATHOU SOLAR PARK SA.” have a similar object of activity with their parent company and the percentage of the parent company “DOMIKI ENERGIAKI SA.” in “AEOLIKO VIANNOU SA.” amounts to 99.7% and in “SOLAR PARK OF ZAKATHOS SA.” at 99%.

The above was decided in the context of achieving lower operating costs, improving financial results and further development of the company.

This merger will be done in accordance with the provisions of L.4601 / 2019 and article 54 of L.4172 / 2013. The transformation balance sheet will be defined as the balance sheet of 31/12/2021 and an independent chartered accountant will be appointed to certify the value of the assets.

Source: Capital

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