Announcement of Business Developments
MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that it entered into a Sale-Purchase Agreement for the acquisition of all shares issued by the company under the legal name THALIS ENVIRONMENTAL SERVICES S.A (THALIS ES S.A.).
THALIS ES S.A., which was founded by the late Vasilios Papazisis, engages in the environmental sector and more specifically in the field of circular economy. The company offers a wide range of integrated sustainable solutions in relation to solid waste treatment, water and liquid waste treatment as well as energy, other sources savings and RES utilization in infrastructure.
The completion of the transaction is subject to certain conditions precedent to be fulfilled, inter alia, its approval by the Hellenic Competition Authority.
MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. will provide update to the investment community in relation to the development of the transaction with subsequent announcements or through the interim and the yearly financial reports.
Maroussi, 24 November 2022
The Board of Directors