The purchasing agreement of 50% of Elpedison by HELLENIQ ENERGY was signed on Friday, turning the latter company the single shareholder of Elpedison.

The agreement for the buyout of 50% of shares that belonged to Ediaon had been achieved at the end of 2024.

As sources of the group noted, the signing of the agreement is the first step toward completing the transfer to HELLENIQ ENERGY. The approval of the transaction by regulatory authorities is expected in the second quarter of 2025, while the name of Elpedison will change in the third quarter of the year.

Announced earlier, the value of the buyout is about 164 million euros, with possible adjustments of up to 31 million euros. The final amount is expected to be determined exactly, as small changes to Elpedison's balance sheet are outstanding from payments owed the company.