AKTOR Group, a major player in the Greek construction sector, has successfully secured a €200 million capital increase, marking a significant step in its ambitious transformation strategy.
The funds, approved at an Extraordinary General Assembly on Tuesday, will fuel acquisitions and investments in new business sectors, particularly renewable energy and real estate.
Group President and CEO Alexandros Exarchou hailed the assembly as a pivotal moment, symbolizing a new era for the company, recently rebranded from Intrakat to AKTOR Group.
He highlighted the group's impressive growth in recent years, including the acquisition of AKTOR ATE, which has become a key contributor to major infrastructure projects like the Thessaloniki Metro and the Patras–Pyrgos highway.
AKTOR Group is embarking on a substantial €2 billion investment plan, with €1.3 billion earmarked for renewable energy projects and €600 million for real estate development.
Mr. Exarchou emphasized the strategic importance of ensuring each subsidiary's investments are self-financed through non-recourse loans, safeguarding the group from excessive debt burdens.
Of the €200 million raised, €50 million will be allocated to real estate projects, €90 million to renewable energy, and €60 million to working capital and acquisitions within the construction sector.
To further support its expansion, the group is in discussions with banks and infrastructure funds to leverage an additional €1.5 billion in resources.
Beyond financial restructuring, AKTOR Group is focused on streamlining operations through digitalization, enabling real-time project monitoring and enhancing efficiency.
The company also announced a new scholarship program for employees to pursue specialized studies abroad, further developing its in-house expertise.
The strategic combination of financial restructuring, investment in new sectors, and operational enhancements positions AKTOR Group as a major force in the Greek and potentially international construction, energy, and real estate markets.