Aktor Renewables is accelerating its shift to renewables by proceeding with the acquisition of 51% of the company “SUN FORCE TWO ANONYMEIA”.

SUN FORCE TWO has one of the largest portfolios of photovoltaic stations in the Greek periphery and the cost for the majority stake amounts to approximately EUR 20.4 million, while the transaction is explicitly part of the strategic plan presented by Aktor Group for the development of the renewable energy sector.

A detailed statement:

Aktor SA, anonymous company of holdings, engineering and energy projects (hereinafter referred to as the “Company”), informs the investing public, in accordance with the Regulation 596/2014 of the European Parliament & Council and the Athens Exchange Regulation, that its wholly owned subsidiary “AKTOR ANNEOSIMES MONOPOROΣOPI ANONYMPI HELLENIC COMPANY” (the “Purchaser”) concluded on 24.04.2026 a binding agreement for the sale of shares (the “Agreement”) with the company “GREENLINE S.A.” (the “Seller”) regarding the acquisition of 51% of the shares of its share capital of the company “SUN FORCE TWO S.A.” (the “SUN FORCE TWO”).

The Seller, in the interests of the Konstantinos Mitsionolidis family and the Bozatzidis family, as well as natural persons members of the aforementioned families, hold in SUN FORCE TWO a 49% stake in the share capital of the company SUN FORCE TWO.SUN FORCE TWO, which is active in the development of renewable energy projects, has entered into binding agreements for PV plants with a total installed capacity of 214.8MW of which 172 plants with a capacity of 125,10MW are in operation under long-term operational support contracts with the RES and Guarantees of Origin Operator (ROGO) and the remaining 121 plants of 89.7MW are awaiting electrification in order to start their operating period.

The above stations are located in the Regions of Thessaly, Central Macedonia, Western Macedonia, Epirus and Eastern Macedonia & Thrace.

The Enterpise Value (EV) of SUN FORCE TWO, upon the full development of its portfolio, which is expected to reach a total capacity of approximately 235MW, is estimated at approximately €200 million and the Acquirer will pay for the acquisition of 51% of its shares the amount of approximately €20.4 million.

The annual EBITDA of the projects at full development is estimated at €16m. Completion of the transaction will become possible upon receipt of the necessary permits, approvals and fulfilment of the relevant conditions for similar transactions and is expected within the second half of 2026.

The above acquisition is part of the strategic plan presented by the Company in October 2024 regarding the development of the Renewable Energy sector.

Credia Bank acted as Financial Advisor to the parties for the completion of the transaction.