Qatar Investment Authority (QIA) has acted as an anchor investor in a €4.5bn capital raise by Greek electric power company Public Power Corporation (PPC).
The sovereign wealth fund of the State of Qatar said it participated in the fundraise alongside K Group Capital Partners.
The capital raise was supported by cornerstone investments from the Greek state, which subscribed for approximately €1.3bn, and CVC Advisers Greece SMSA and/or its affiliates-owned Aeolus Holdings, which subscribed for approximately €1.2bn.
QIA’s specific investment amount was undisclosed.
Listed on the Athens Stock Exchange, PPC’s offering was multi-times oversubscribed, raising €4.25bn from primary shares and an additional €250m through a secondary placement of treasury shares, priced at €18.63 per share.
PPC is a fully integrated utility group operating across Southeastern Europe, with operations spanning electricity generation, distribution and retail sales in Greece, Romania and North Macedonia.
The group has a total installed capacity of 12.4GW, including 7.2GW of renewable energy sources as of the end of 2025, alongside a development pipeline exceeding 20GW that includes wind, solar, hydro and battery storage projects across the Balkans and Italy.
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