The US ambassador in Greece expressed his support to the US-based energy fund Contour Capital which has recently formed a joint venture with the country’s main electricity producer Public Power Corp.
PPC formed the joint venture with Contour Capital last May in a bid to expand its investments in the wider are of the Balkans. Both PPC and Contour Capital will hold a 45% stake in the newly formed subsidiary while the European Bank for Reconstruction and Development will gradually acquire the remainder, according to the PPC.
Local press attribute the recent resignation of PPC’s CFO Grigoris Anastasiadis to the company’s decision to join forces with the “totally unknown fund.”