The assessment that the fuel market will this year recover all the losses suffered due to the crisis, which means that sales will be close to the level of 2019, expressed the deputy managing director of Motor Oil Petros Tzannetakis during the briefing of the analysts on the results semester of the group. “We are […]
Tag: motor oil
Motor Oil Hellas: By the end of the year, the completion of the transaction for ELLAKTOR
By Haris Fludopoulos The aim is to complete the transaction for ELLAKTOR by the end of the year, the management of Motor Oil Hellas stated yesterday during the presentation of the results of the first half of the year to the analysts. The extraordinary General Assembly of MOH will be held next week, in which […]
Motor Oil acquires VERD for 15.4 million euros
Motor Oil Group announced the acquisition of all the shares of the company “ELIN VERD” (VERD), for a total price of 15.4 million euros. VERD was founded in 2005 and is engaged in the production and marketing of biofuels. The company has a biodiesel production plant in Volos with a production capacity of 80,000 tons […]
Ellaktor: Green light from the G.S. in the deal with Motor Oil for RES
The General Assembly of Ellaktor’s shareholders, which met on August 25, approved the transfer to Motor Oil of 75% of the company’s Renewable Energy Sources sector. At the same time, he proceeded to redefine the nature and composition of the Audit Committee. More specifically, based on the corporate announcement, G.S. decided: “Approval of the transaction […]
The establishment of the new company by Motor Oil and Ellaktor is progressing
The sudden passing of the 10-day deadline for the company’s shareholders to exercise the right to convene a General Assembly regarding the provision of a special license regarding the agreement with Ellactor in the RES sector, Motor Oil announced in a statement. In particular, the listed company states that the ten-day deadline provided by article […]
Motor Oil: On 8/9 the EGS for the acquisition of 75% of the RES sector of Ellactor
An Extraordinary General Meeting of the shareholders of Motor Oil will be held on September 8, Thursday, with the sole item on the agenda being the approval of the transaction for the acquisition by the company of 75% of the Renewable Energy Sources branch of Ellactor from the 100% subsidiary under the name Motor Oil […]
The RES market moves at the pace of deals
By Haris Fludopoulos The domestic green energy market has been moving at the pace of deals lately, as four major transactions have been completed within a few weeks, with the total value of the agreements exceeding 1.2 billion euros. The main characteristic of these deals is that traditional and large players in the energy market […]
Motor Oil: The Board of Directors approved the agreement with Ellactor for the RES portfolio
The Board of Directors of Motor Oil, at its meeting of August 4, 2022, granted special permission for its subsidiary, MORE, to acquire 75% of the share capital of a company that will be established and will have as assets the portfolio of Renewable Sources Energy (RES) of ELLAKTOR, with a total capacity of 493 […]
Ellaktor: ‘Green light’ from D.S. for the deal with Motor Oil – Extraordinary G.S. on 25/8
The “green light” for the deal with Motor Oil was given by Ellactor’s board of directors during yesterday’s meeting. In particular, as announced by the listed company, during the meeting of its Board of Directors on 01.08.2022, the following were decided: I. The granting, in accordance with the provisions of articles 99, 100 and 101 […]
Ellaktor: Proposal to bondholders for the redemption of the 670 million bond – Acceptance period until 21/9
A proposal to the bondholders for the redemption of the 670 million euro bond loan of the Ellactor Group was addressed by its management. The bondholder acceptance period will last until September 21, 2022. The issue of the very expensive bond, which costs 45 million euros a year to Ellaktoras, had been in the sights […]