Admie Hedge Basket

Goldman Sachs introduces the GSCMADMI hedge basket to mitigate volatility risks following ADMIE Holding's €530m equity offering announcement. The basket consists of European utilities and Greek banks, significantly reducing ex-ante total risk.

Key Takeaways

• 1.ADMIE Holding has announced a €530m equity offering (approx. 70% of market cap) to fund its participation in IPTO's capital increase for grid upgrades.
• 2.The GSCMADMI hedge basket reduces ADMIE GA's total risk from 29% to 12% and factor risk from 38% to 19%.
• 3.The hedge basket is composed of 80% European utilities and 20% Greek banks to align with the geographic and beta profile of ADMIE.

Table of Contents

• Risk Exposures
• Basket Composition
• Sector Exposure
• Industry Exposure
• Country Exposure
• Factor Exposure

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