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Athens Macedonian News Agency: News in English, 16-10-26

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] China's State Grid submits higher bid for ADMIE, says PPC

  • [01] China's State Grid submits higher bid for ADMIE, says PPC

    Greece's power utility PPC announced on Wednesday that China's State Grid Corp. has submitted the winning bid for a 24 percent stake in grid operator ADMIE, offering 320 million euros.

    The other candidate was a consortium led by Italy's Terna.

    PPC's board of directors said it will validate the offer on Monday while a final decision will be made on November 24, during PPC shareholders' general assembly. At the end of the procedure, the State will control 51 percent of ADMIE, while its CEO will be appointed after an agreement between the State and the strategic investor.


    Athens News Agency: News in English Directory - Previous Article - Next Article
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