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HEDNO Privatisation (49% stake)

Model Audit

1st December 2021

DWPF provided model audit advice to Macquarie (MIRA) on acquiring a 49% stake to privatise the Hellenic Electricity Distribution Network Operator (HEDNO).


HEDNO operates 240,000km of medium and low voltage power lines, and it’s regulated assets are worth EUR 3.6bn.


The acquisition of stake is valued at EUR 1.3bn, funded by equity from Macquarie’s super core fund and debt arranged by local bank Alpha Bank.