Giorgos Peristeris (GEK TERNA): Alternatives on the table for the utilization of the concessions sector – Economic Post

The utilization of the large portfolio of concessions of the GEK TERNA group as a financial tool remains on the management table under the president and CEO Mr. George Peristeris.

Mr. Peristeris, interviewed yesterday on the sidelines of the inauguration for the delivery of sections of the E65 highway, repeated how “we are examining various alternatives”.

GEK TERNA is on a different track – Peristeri’s messages to shareholders and the market

It is recalled that the subsidiary “GEK TERNA Concessions” has been established, where all the major projects undertaken by the group with the method of multi-year design, financing, construction and operation contracts are carried out there.

Financial tool

Last February, during the extraordinary general meeting of shareholders, Mr. Peristeris announced the management’s intention to find the most suitable solution so that concessions can be used as a financial tool.

Yesterday, the powerful man of GEK TERNA replied that “there is still no final decision as to how the portfolio will be utilized”.

He also noted how Egnatia Odos, BOAK and Attiki Odos remain to be handed over to the group. These are the new additions to GEK TERNA’s portfolio of concessions. In all three tenders, the listed company emerged as the winner, however there are still outstanding issues from the contracting public authorities and other bodies in order to formally transfer them to the group.

Attiki Odos

Besides, the president and CEO of GEK TERNA was asked about whether there are thoughts about the expansion of the share schemes in which the company leads by winning the concession tenders of Attica Odos and BOAK.

Mr. Peristeris replied that “the company has received a proposal from an interested investor for Attiki Odos”.

However, he clarified that “there is no thought” of intentions to widen the shareholding schemes.

It is noted that this possibility is given to the contractors or preferred investors, depending, as long as the “OK” is given by the contracting authorities of the tenders.

TERNA ENERGY

Regarding the developments at TERNA ENERGY and the information they want to discuss with investors, Mr. Peristeris noted how “there is nothing to announce at the moment”.