Hellenic Electricity Distribution Network Operator S.A. HEDNO S.A. (Hellenic Electricity Distribution Network Operator S.A.) was formed by the separation of the Distribution Department from PPC S.A., according to L.4001/2011 and in compliance with 2009/72/EC EU Directive relative to the electricity market organization with the goal to undertake the tasks of the Hellenic Electricity Distribution Network Operator. Today, 51% of the Company’s share capital is owned by PPC S.A. and 49% by Macquarie Asset Management.