Qatar Investment Authority Strengthens Ties with Public Power Corporation Through Strategic Investment

In a significant move that underscores the growing collaboration between the Gulf and Southeastern Europe, the Qatar Investment Authority (QIA) has announced its participation as an anchor investor in the share capital increase of Public Power Corporation S.A. (PPC). This development is particularly notable as PPC stands as a leading energy group in Southeastern Europe and is publicly traded on the Athens Stock Exchange.

On May 25, 2026, QIA revealed that the offering of PPC shares was met with overwhelming interest from the market, resulting in a substantial oversubscription. A total of €4.25 billion was raised through primary shares, complemented by an additional €250 million from secondary treasury shares, all priced at €18.63 each. Notably, the Greek government played a crucial role by investing approximately €1.3 billion, alongside contributions from Aeolus Holdings S.à r.l., which invested around €1.2 billion. This collective investment showcases a strong vote of confidence in PPC and its future growth prospects.

The newly issued shares, each valued at €2.48 nominally, have attracted considerable interest from various global long-term institutional investors. Among them is K Group Capital Partners, a private equity fund closely tied to the Kyriakou family and a strategic partner of QIA. The decision to invest together reflects the ongoing discussions about investment opportunities that were held during the recent Europe Gulf Forum in Greece.

QIA's investment aligns with its broader strategy of deploying patient, long-term capital into vital infrastructure and businesses that are set to benefit from significant structural trends, particularly the global energy transition. As such, PPC is seen as a pivotal player within this critical sector, with the potential for leadership in the energy transition across Southeastern Europe. The company is poised to engage in targeted investments that focus on renewable energy, modernizing the distribution network, enhancing flexible generation capabilities, and developing data centers.

This investment not only represents a reinforcement of QIA's commitment to Greece but also signifies an expansion of its relationship with K Group Capital Partners. The collaboration aims to harness the strengths of both entities in fostering a robust energy infrastructure that can meet evolving demands in the region.

In essence, QIA's proactive approach reflects a larger vision to support essential infrastructure projects and businesses that are crucial for a sustainable energy future. As global dynamics continue to shift, investments like these pave the way for innovative solutions and partnerships that can navigate the challenges of energy transition while stimulating economic growth.

About Qatar Investment Authority

Established in 2005, the Qatar Investment Authority is the sovereign wealth fund of the State of Qatar. As one of the largest and most actively engaged sovereign wealth funds globally, QIA is committed to building a diverse investment portfolio. This portfolio spans numerous asset classes and geographical regions, aimed at delivering sustainable financial returns while contributing to the prosperity of the State of Qatar. Through strategic partnerships, like the one with PPC, QIA aims to ensure long-lasting impacts on both local and international scales.