The Public Power Corporation S.A. (, abbreviated PPC, or DEI ) is the largest electric power company in Greece. History PPC was founded by the Greek government in 1950. Its main purpose was to plan and apply a national energy policy which, through the exploitation of the domestic products and resources, would distribute cheap electric power to all Greek citizens. PPC started the integration of all the small local grids to the national interconnected grid. Furthermore, the corporation resolved the purchase of all the small private and local electric power production units. Today, PPC Group consists of 3 subsidiary companies PPC S.A., the Hellenic Electricity Distribution Network Operator (HEDNO or DEDDIE) S.A. and PPC RENEWABLES S.A. Even if HEDNO S.A. (the Greek DSO) is owned by PPC, HEDNO S.A. operates independently according to L.4001/2011 and in compliance with 2009/72/EC EU Directive relative to the electricity market organization. Shareholders On 16 November 2021, the company completed a share capital increase that the Greek government as a shareholder chose not participate in. As a result, the Greek government's shareholding decreased from 51.12% to 34.12%, which is currently held by the country sovereign wealth fund, the Hellenic Corporation of Assets and Participations (HCAP). This change in shareholding means PPC has been privatised and is no longer controlled by the Greek government. On 3 March 2022, CVC Capital Partners acquired 10% of the company's shareholding. The Company’s shares are traded in the «Large Cap» category of the Athens Stock Exchange (ATHEX), while in the London Stock Exchange they are traded in the form of global depository receipts (GDRs). The Company’s shareholding structure as of 1 September 2022 was as follows: Privatisation In 2001, PPC carried out a share flotation on the Athens Stock Exchange and consequently was no longer wholly owned by the government, although it was still controlled by it with a 51.1% stake until 2021. In June 2011, the Greek government announced it would sell 17% of its share of PPC to meet conditions of EU/ECB/IMF loan package. The workers of PPC responded by limited power cuts to selected towns across Greece. However, the Tsipras Government decided to suspend the privatisation of PPC as one of its first anti-austerity measures. The company was eventually privatised in November 2021, when the Greek government decreased its shareholding to 34.12% and transferred it to the Greek sovereign wealth fund, the Hellenic Corporation of Assets and