AKTOR Group has unveiled one of the most ambitious corporate investment plans in Greece in recent years, committing €3 billion in investments by 2031 as part of a broader strategy to transform itself from a traditional construction company into a diversified infrastructure and energy powerhouse.
Speaking in Athens, Chairman and CEO Alexandros Exarchou presented the Group’s long-term roadmap, supported by the largest capital raising in AKTOR’s history: a €650 million share capital increase alongside a €300 million corporate bond, creating approximately €1 billion in financial firepower.
Beyond the numbers, the plan carries significant geopolitical and energy implications, with investments spanning renewable energy, LNG infrastructure, concessions, transport corridors, ports, and critical water infrastructure across Greece and Southeast Europe.
Investment allocation
The €3 billion investment program will be allocated as follows:
- 40% to concessions and Public-Private Partnerships (PPPs)
- 40% to the energy sector
- 10% to construction
- 10% to LNG trading and infrastructure
The strategy aims to significantly increase recurring revenues while reducing dependence on traditional public works.
“Construction will remain the core of the Group.”
Exarchou made it clear that AKTOR is not moving away from construction.
“Construction will remain at the heart of the Group. Our objective is not to reduce our backlog but to shift towards safer business models such as concession projects, which generate more stable revenues and stronger synergies across our activities.”
Vertical integration in energy
Energy is emerging as AKTOR’s primary growth engine.
The company confirmed it is exploring entry into Greece’s retail electricity market, completing a vertically integrated energy model that would span generation, storage, LNG, and retail supply.
“We are evaluating entry into the electricity retail market. Vertical integration is a strategic priority for the Group.”
Warning over renewable energy curtailment
Exarchou also delivered a strong warning regarding Greece’s growing renewable energy challenges.
According to him, the increasing levels of renewable energy curtailment—where electricity generated by renewable sources cannot be absorbed by the grid—represent one of the sector’s biggest risks.
“Curtailment already has significant consequences for the renewable energy market and could eventually lead to a new generation of non-performing loans within the sector.”
To address this issue, AKTOR is studying acquisitions of large-scale battery storage systems in Bulgaria, where storage capacity is more advanced and could help absorb excess renewable electricity produced in Greece.
Expanding into LNG and FSRU infrastructure
AKTOR also confirmed its interest in participating in the development of a second Floating Storage and Regasification Unit (FSRU) in Greece.
In addition, its subsidiary AKTOR LNG may eventually enter Greece’s LNG supply market should commercial conditions become favorable.
The move reflects Europe’s broader effort to diversify natural gas supplies following the energy crisis triggered by Russia’s invasion of Ukraine.
Romania becomes a strategic priority
Romania is expected to play a central role in AKTOR’s regional expansion.
“Romania will inevitably move toward major concession projects because its infrastructure needs are enormous and cannot be financed indefinitely through European Union funds.”
The Group is closely evaluating participation in:
- the Constanța–Alexandroupolis transport corridor, and
- the concession of the Port of Constanța.
Both projects have gained strategic importance as Europe develops alternative logistics and energy corridors linking the Black Sea with the Eastern Mediterranean.
Water infrastructure and environmental projects
AKTOR is also targeting sectors increasingly shaped by climate policy.
Exarchou confirmed the company’s interest in projects involving:
- water management,
- drought mitigation,
- recycling,
- environmental infrastructure.
The Group also reaffirmed its interest in participating in the concession of the Port of Elefsina, further strengthening its presence in transport and logistics infrastructure.
International investors targeted
To finance its growth strategy, AKTOR plans to attract long-term international institutional investors.
The Group’s major shareholders have already expressed interest in subscribing up to €300 million of the capital increase, while management will conduct investor roadshows in London and the United States.
Exarchou highlighted that both the share capital increase and the bond issue are fully underwritten by leading international financial institutions, describing this as a strong vote of confidence in AKTOR’s long-term strategy.
With this investment roadmap, AKTOR is positioning itself not merely as Greece’s leading construction company but as a regional infrastructure, energy, and strategic investment platform serving the rapidly evolving geopolitical landscape of Southeast Europe.
Source: pagenews.gr