AKTOR: The extraordinary general meeting approved the share capital increase of EUR 200 million

Green light received from yesterday (19.11. 24) extraordinary general meeting of the group or , as announced. This share capital increase of the AKTOR Group will finance acquisitions and investments in the new sectors of activity of the Company. As the Group’s President and CEO, Mr Alexander Exarchos, stressed, this General Assembly was particularly important for the Group, as it was the last in which the name Intrakat was used, now renamed the AKTOR Company Group, as part of the general change in its structure. Mr. Exarch made a broad reference to the activities of the last two years, marked by Winex’s entry into the Group’s equity capital. The AKTOR Group is now implementing its corporate transformation, with a new holding company and an AKF that will fund the development of new subsidiaries, supported by leading international consultants, aiming to change its corporate operation within the following year. Mr. Exarche referred more widely to the digitization of the Group’s systems that will make it possible to monitor on a daily basis the course of each project, prevent problems, maintain the profitability of each project and limit human error. Exarchos announced that the Group is discussing with banks and Infrastructure funds for leverage of funds of €1.5 billion to finance investments that will reach €2 billion, of which €1.3 billion in RES and €600 million in Real Estate. At the same time, the Group’s head analysed in detail how the new funds of €200 million will be used to enter the Group through AMC, as part of the recently announced investment plan, with €50 million being channelled to Real Estate, €90 million to RES and €60 million for working capital and acquisitions in the construction sector. AKTOR AKENTA will implement the 56 real estate acquisition agreement by Prodea, worth €600 million, which will have a direct influence, as early as 2025, on the Group’s profitability. And ruled out any involvement of the Group in the development of real estate from scratch. On the contrary, the aim is to exploit existing properties, combined with the possibilities of AKTOR CONSTRUCTION and AKTOR MANAGEMENT OF INSTALLATIONS in the construction – renovation and management of facilities, respectively, with the aim of leasing them to first-priority leasers, in order to ensure stable cash flow. And this will be done through real estate that will have short lease times, if necessary, at good prices and opportunities for easy utilisation. At the same time, he analysed AKTOR’s RENEWABLE strategy. Mr. Exarchos stressed that the agreement with PPC (December 2023) secured best conditions for the Group’s existing pipeline RES and stressed the advantages of the first wave of new acquisitions of RES projects, which already have taxed and significant return rates. And he noted that the Group’s intention is to further acquire RES power projects 150-200 MW in the following period with a view to having 500 MW projects in operation and under the development of another 500 MW, in terms of connection, in order to ensure future against the interruption of production. He also explained that the Group’s energy business plan was prepared on the basis of the worst case scenario around the interruption of production and added that this mixture would complement investments in energy storage and pumping. According to Mr Exarch, investments in RES should also take into account local communities and provide benefits to them. And this is something that the AKTOR Group intends to secure in its own investments. Moreover, he spoke about the development plan of AKTOR INSTALLATION MANAGEMENT, which will have great synergies in the Group in both the maintenance and operation of buildings, projects and RES, offering a significant competitive advantage. He also described AKTOR as “the Group’s soul” in the context of the synergies, stressing that the weight will fall on the constructions, which have a significant unexecutable increase that will further increase. While stressing the importance of AKTOR PARTICIPATION, which will be involved in PPP and concession projects aiming in the long term to contribute to the Group’s EBITDA. At the same time, Mr. Exarchos stressed the value of the Group’s base in Romania, in the process of reconstruction of Ukraine after the end of the war, but also in trying to develop new markets, but avoiding the problems of the past that had led AKTOR to damage.