The successful share capital increase of the Independent Power Transmission Operator (ADMIE) sends a threefold positive message – financial, energy-related and consumer-focused – according to Environment and Energy Minister Stavros Papastavrou, while speaking on Wednesday at the opening ceremony of the Athens Stock Exchange trading session.
It came on the occasion of the admission of the ADMIE’s new shares for trading. “There will be enormous benefits for citizens, with savings amounting to €1 billion per year, while improving the quality of the tourism product,” the minister said.
“From a financial perspective, beyond the oversubscription, there is also a qualitative element, as some of the world’s largest investment institutions have expressed their confidence, and that speaks volumes. At the same time, there is an energy dimension. ADMIE is the backbone of the energy system. Without strong networks, we cannot have energy security, nor can we support our role as an energy hub,” he added.
ADMIE Chairman and CEO Manos Manousakis thanked the political leadership, employees, supervisory authorities, banks and investors, and stressed: “We will honor this trust and continue to support economic growth and the energy transition.”
