The Black Pen

Explosion of interest for Aktor’s €650 million capital increase, offers reached €1.3 billion - Oversubscribed by more than 2 times

Explosion of interest for Aktor’s €650 million capital increase, offers reached €1.3 billion - Oversubscribed by more than 2 times
Based on information from the involved underwriters, Goldman and BofA, it is concluded that offers now exceed 1.3 billion euros.

While the extraordinary general meeting of Aktor is convened for Thursday, July 16, 2026, to approve the capital increase of €650 million and the bond loan of €300 million, the roadshows currently taking place reveal an explosive interest in the share capital increase. Based on information from the involved underwriters, Goldman and Bank of America, it is concluded that offers now exceed €1.3 billion. With the €650 million capital increase, the €300 million bond loan, and the expected payments from the State to Aktor which have been delayed, it is concluded that the group’s cash reserves will reach €1.2 – €1.3 billion from these activities alone. Aktor’s stock is currently at €14, with its market capitalization shaping up at €2.85 billion and, as BN has previously reported, Aktor’s stock will reach €20 or a market cap of €4 billion within a 12-month horizon.

Two large American funds in the capital increase

It is worth noting here that the capital increase is expected to be largely covered by two powerful American investment funds, as BN has already revealed. After all, the capital reinforcement constitutes a key tool for the implementation of Aktor's investment planning, with the funds having given a vote of confidence to the group and the management of Alexandros Exarchou. The two American funds do not have a presence in Greece, but they possess a long-term investment strategy to invest €300 million and €350 million in Aktor’s €650 million capital increase.

Conclusion

With these moves, Aktor will not only implement its investment program but will also possess strong liquidity firepower, will pay off all obligations, and will become a point of reference in the construction and energy sectors.

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