BUSINESS

Greece's PPC plans expansion to Balkan markets

TAGS: Energy

Public Power Corporation chairman Manolis Panagiotakis told the utility’s general meeting of shareholders on Monday that PPC has been seeking to expand its footprint in foreign markets to make up for losses at home.

He said it was examining specific investment plans in Turkey, where it already has operations, and will soon set up a division in Tirana, Albania, to tap into opportunities in the Western Balkans.

PPC controlled about 92 percent of the Greek retail market at the end of March, down from about 96 percent last year, and its market share is expected to drop to below 50 percent by 2020.

[Reuters]

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