What does the new name of ELPE, HELLENiQ ENERGY, symbolize?

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Of Haris Fludopoulos

Another important step in the direction of transformation is being carried out by the Hellenic Petroleum group. As the management had already announced, ELPE will change its name in order for it to be aligned with the new strategy and vision of the group.

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Following a decision taken last week by the group’s Board of Directors, an extraordinary General Meeting of shareholders will be convened on September 20, with the sole item on the agenda being the change of the company’s brand name and distinctive title.

What will be the new name? The proposal of the Board of Directors is to change the name to “HELLENiQ ENERGY Holdings AE” while the distinguishing title will be “HELLENiQ ENERGY Holdings AE”

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The new title, according to group sources, symbolizes the strategic decision to evolve the ELPE group into an integrated energy group that claims a leading role in the new era of more environmentally friendly energy.

HELLEN indicates the continuity of the Group (Hellenic Petroleum) while iQ the intelligent transition to the future and Energy the expansion of activity in the entire energy spectrum and not only in oil.

Finally, it is worth noting that the overall presentation of the new corporate identity, which will formally mark the complete transition of the ELPE Group to the new era of Energy, will take place at a special event after the conclusion of the extraordinary General Assembly, on Tuesday, September 20, 2022.

Source: Capital

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