The Athens-listed Public Power Corporation (PPC) board of directors on Monday approved the establishment of a subsidiary company titled "PPC Quantum Energy SA".
An announcement said that the subsidiary's share capital will comprise 51 percent for PPC, 40 percent for Quantum and 9 percent for Cyprus Bank.

The activities of the new company include the study, planning, set up, construction, operation, management and exploitation of electricity production units in the Serbian Republic of Bosnia (Srpska Republika).