Greece's state-run Public Power Corp. (PPC), the dominant electricity utility and provider in the east Mediterranean country, will finalize an agreement to purchase the EDS group this week, a power supplier and trader based in the neighboring former Yugoslav Republic of Macedonia (fYRoM).
The deal has been cited for months now.
Financial and legal procedures have reportedly concluded, with PPC's board of directors convening on Friday to officially approve the agreement.
EDS was founded in 2012 and has subsidiaries in Serbia, Slovakia and Kosovo. The group is also a member of the Hungarian Power exchange (HUPX), with trading licenses for Serbia, Kosovo, Croatia, Bulgaria and Hungary.
At present, its major client base is mostly industries and businesses, with a portfolio of 320MW, equivalent to some 40 percent of companies with more than 50 employees in the neighboring country.
