Alexandros Exarchou: "The new Aktor has nothing to do with the company of 2022 – Significant oversubscription of the share capital increase"
The possibility of the share capital increase (SCI) of Aktor, currently set at 650 million euros, being further expanded was left open by the group's CEO, Alexandros Exarchou, speaking at today’s General Assembly of shareholders on July 16, 2026. Mr. Exarchou estimated that the capital hike will record significant oversubscription, while noting that the existing core shareholders will experience dilution as the entry of new investors alters the shareholding structure. At the same time, he emphasized that the Aktor being formed for next year will have no connection whatsoever with either the company acquired in 2022 or the old Aktor of the past.
When the bookbuilding process opens
The book of offers for the capital increase is scheduled to open next Monday or Tuesday, and shareholders currently holding a stake of less than 3% will also have the right to participate in the issuance proportionally. The roadshows recently conducted abroad generated particularly strong interest from international investors looking to participate in the upcoming share capital increase. According to information from the lead underwriters, Goldman Sachs and Bank of America, the offers gathered so far exceed 1.3 billion euros, more than double the target of the planned 650 million euros capital increase.
Cash power up to 1.3 billion euros after the SCI, the bond, and state inflows
The 650 million euros capital increase, combined with a 300 million euros bond loan and expected government payments to Aktor that have been delayed, creates the conditions for the group's liquidity to reach 1.2 to 1.3 billion euros. This massive capital boost is expected to serve as the foundation for accelerating Aktor's investment plan and financing new moves in the construction, energy, and infrastructure sectors. Aktor’s stock is currently trading near 13.5 euros, bringing the group's total market capitalization to approximately 2.7 billion euros. As previously reported by BN, Aktor's share price could move toward 20 euros within a 12-month horizon, pushing the group's valuation close to 4 billion euros.
Two major US funds in the share capital increase
Of particular significance is the fact that the capital increase is expected to be largely covered by two powerful US investment funds, as previously revealed by BN. These specific funds, which currently have no active presence in the Greek market, are reported to have adopted a long-term investment strategy for Aktor, planning to allocate total sums of 300 million and 350 million euros in the 650 million euros capital increase. Their participation represents a strong vote of confidence in both the group and the management under Alexandros Exarchou, confirming the global investment appeal of Aktor's new business model.
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