Quest Holdings S.A. informs that its 100% indirect subsidiary “Quest Pylou Energy SA” acquired 100% of the share capital of the company "Kynigos S.A." on the 23rd of July 2019. The total amount of the transaction is €21.3 million, plus an assumption of €3,3 million of net debt.
The amount will be covered by €6.3 million of equity and €15 million of debt issued by banks.
Kynigos S.A. owns a photovoltaic power station of 11,963 MW, located at the Municipality of Pylou – Nestoros in Peloponnese. The above station is connected to the electricity transmission network through a proprietary MV/HV substation.