Greek electricity transmission system operator ADMIE is attracting strong investor interest ahead of its planned share capital increase, with preliminary demand reportedly exceeding the amount targeted from private investors even before the official subscription process has begun.
According to banking sources, meetings with domestic and international investors during the pre-marketing phase have generated commitments surpassing the 250 million euros that the company intends to raise from private markets. The capital increase, which will be carried out through ADMIE Holdings, is expected to begin through a book-building process in mid-June and conclude within two days.
The strong response from investors suggests that the market portion of the fundraising has already been effectively covered, providing significant support for the company’s broader 1 billion euros capital raising plan. The remaining funds are expected to be contributed by existing shareholders, including the Greek state and China’s State Grid.
Under the current ownership structure, the Greek state controls 51 percent of the transmission operator through DES ADMIE and ADMIE Holdings. It is expected to contribute approximately 530 million euros to the capital increase. Reports indicate that around 370 million euros of this amount will be financed through resources from the Recovery and Resilience Facility, while the remaining portion will come from DES ADMIE funds.
Meanwhile, State Grid, which holds a 24 percent stake in the transmission operator, is expected to invest approximately 240 million euros. The final 250 million euros will be provided by institutional and private investors, reflecting the strong market confidence in ADMIE’s strategic role in Greece’s electricity infrastructure and future network development plans.
