The company was founded in 1994 under the name “Development Agency of Apodotia – Ophionia S.A. (ANETAPO S.A.)” to better utilize the natural resources of Mountainous Nafpaktia.
Following the implementation of Law 2539/97 (I. Kapodistrias), the Agency’s shareholder base expanded, with eleven (11) municipalities of Aetolia, as defined by its historical boundaries, joining. These included the Agricultural Cooperative of Messolonghi-Nafpaktia, the Federation of Associations of Nafpaktia, the Federation of Professionals, Tradesmen, and Merchants Associations of Nafpaktia and Dorida, and the Agricultural Cooperative of Dorida. The agency became interprefectural (Prefectures of Aetoloakarnania, Fokida and Evrytania) and interregional (Regions of Western and Central Greece), and was renamed “AITOLIKI DEVELOPMENT S.A.” or, in short, “AITOLIA S.A.”
In compliance with Law 3463/2006, the Agency was renamed “AITOLIKI DEVELOPMENT S.A. Local Authority Organisation” in April 2007. The Agency’s shareholder base expanded from 15 to 18 shareholders, with the inclusion of the Municipality of Aitoliko, the Municipality of Oiniades, and the Nautical Club of Messolonghi, in June 2008. As part of the policy to broaden the shareholder base and promote democratic planning, as well as improve collaboration among local authorities for regional development, the number of shareholders increased from 18 to 24 with the participation of the Local Association of Municipalities and Communities of the Prefecture of Aetoloakarnania, the Chamber of Aetoloakarnania, the Technical Chamber – Regional Department of the Prefecture of Aetoloakarnania, the Solid Waste Management Association of the First Geographical Unit of the Prefecture of Aetoloakarnania, the Association for People with Disabilities “Alkyoni” and the Association of Professional Fishermen of Aitoliko “Dolmas”, in November 2008.
In accordance with Law 3852/2010 (“Kallikratis”), the number of shareholders was reduced from 24 to 16, due to the merging of Municipalities. As part of the resolutions of the Agency’s Annual General Assemblies, regarding increasing the share capital, new shareholders joined the agency, including the Agricultural Environmental Group of Organic Farmers of Western Greece, the Federation of Associations of North-Western Dorida, the Nautical Club of Nafpaktos, the Commercial and Industrial Association of Messolonghi, and the Municipality of Xiromero. The Agency’s shareholder structure is now as follows:
No.
Shareholder Name
Number of Shares
Percentage (%)
1
Municipality of Nafpaktia
185.000
63,96%
2
Municipality of Dorida
30.756
10,63%
3
Municipality of Messolonghi
20.000
6,91%
4
Municipality of Karpenissi
15.800
5,46%
5
Chamber of Aetoloakarnania
11.219
3,88%
6
Agricultural Cooperative of Messolonghi-Nafpaktia
6.000
2,07%
7
Municipality of Thermo
6.000
2,07%
8
Solid Waste Management Association of 1st Geographical Unit of the Prefecture of Aetoloakarnania
4.415
1,53%
9
Municipality of Xiromero
3.475
1,20%
10
Regional Association of Municipalities
3.420
1,18%
11
Agricultural Environmental Group of Organic Farmers of Western Greece
681
0,24%
12
Federation of Professional, Tradesmen, and Merchants Associations of Nafpaktia and Dorida
671
0,23%
13
Federation of Associations of Nafpaktia
562
0,19%
14
Nautical Club of Messolonghi
500
0,17%
15
Commercial and Industrial Association of Messolonghi
350
0,12%
16
Association of People with Disabilities “Alkyoni”
200
0,07%
17
Federation of Associations of North-Western Dorida
84
0,03%
18
Nautical Club of Nafpaktos
60
0,02%
19
Professional Association of Fishermen of Aitoliko “Dolmas”
35
0,01%
20
Technical Chamber Regional Department of the Prefecture of Aetoloakarnania
30
0,01%
Total
289.258
100,00%
The company’s share capital amounts to €289,258.00€.
