Agreement announced to sell shares in HELLENiQ Energy Holdings S.A.

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The Hellenic Republic Asset Development Fund S.A. (HRADF) and Paneuropean Oil and Industrial Holdings S.A. (POIH) have agreed to sell in total 33,619,870 existing ordinary shares in HELLENiQ Energy Holdings S.A. (HELLENiQ).

In the transaction, HRADF plans to sell 13,128,317 shares, resulting in the ownership of 31.2% of HELLENiQ’s issued share capital after completion. Simultaneously, POIH will sell 20,491,553 shares, securing a 40.4% stake in HELLENiQ’s issued share capital post-transaction. Following the deal, both Selling Shareholders have agreed to a 180-day lock-up period for their remaining shares in the company after the transaction's completion, with specific carve-outs and exceptions. Acting as Joint Global Coordinators, Goldman Sachs Bank Europe SE (Goldman Sachs) and J.P. Morgan SE (J.P. Morgan), have facilitated the transaction. Rothschild & Co served as a process advisor, while Freshfields Bruckhaus Deringer LLP and Karatzas & Partners Law Firm provided external legal counsel to HRADF and POIH.

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