Further to a relevant decision of the Cyprus Stock Exchange (CSE) regarding its participation in the share capital of the Hellenic Energy Exchange S.A. (HEnEx S.A.), it was announced that the transfer of 10% of the share capital of the above company to the CSE was completed on 18 December 2018 in Athens.
The Cyprus Stock Exchange therefore becomes the sixth shareholder of the Hellenic Energy Exchange. Following this development, the shareholding structure of HEnEx S.A. is as follows:
- DAPEEP S.A. – RES and Guarantees of Origin Operator S.A. – 22%
- ATHEX – Athens Stock Exchange – 21%
- ADMIE S.A. – Independent Power Transmission Operator S.A. – 20%
- EBRD – European Bank for Reconstruction and Development – 20%
- CSE – Cyprus Stock Exchange – 10%
- DESFA S.A. – National Natural Gas System Operator S.A.- 7%
The Hellenic Energy Exchange is active in the Electricity Market while its short-term plans include the Natural Gas Market, both in terms of spot and derivatives products, with additional prospects for future growth in new markets. CSE’s initiative is part of its broader strategic planning for the implementation of new initiatives and the identification of new services, markets and products that will improve the Organisation’s prospects and create new opportunities in key sectors of economic growth.
The Energy sector is particularly, and increasingly, important for Cyprus and our broader region. The CSE therefore participates in this initiative from the outset, aiming amongst others to be better positioned to assess new related prospects and business opportunities that will arise in the future.
The transfer of 10% of the shares in HEnEx S.A. from the Athens Stock Exchange S.A. (Athex) to the Cyprus Stock Exchange (CSE) was signed by ATHEX CEO Mr. Socrates Lazarides and CSE Chairman Mr. Marinos Christodoulides.
Source: Cyprus Stock Exchange