The General Assembly of Motor Oil Group approved the acquisition of 25% of ANEMOS RES by Motor Oil Group’s subsidiary MORE. Following the completion of the transaction, MORE now holds 100% shares of ANEMOS RES.
The initial sale of 75% of ANEMOS RES to MORE was completed in December 2022.
With the completion of the deal, which is the largest acquisition project for the Group, Motor Oil further strengthens its footprint in the RES sector and reinforces its leading position in the country’s energy landscape. The expansion of the RES project portfolio is an integral pillar of Motor Oil Group’s strategic plan for energy transition toward 2030.
The transfer of all ANEMOS RES’ shares will bring significant benefits to MORE, as MORE can now carry out an integrated operating, development and energy management programme for its projects and benefit from full autonomy in the use of ANEMOS RES’ human resources. In particular, the consolidation of the two companies’ organisational structures will lead to the creation of a single organisational entity while MORE will have full ownership of the RES projects of ANEMOS RES that are in the final stages of development.
