China's State Grid submits higher bid for ADMIE
- Written by E.Tsiliopoulos
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.
Tagged under
Related items
- European Commission disburses RRF payment of 3.64 bln euros to Greece
- Participation in the classic Athens Marathon for completion of the Church of Panagia Nafpaktiotissa (The Virgin Mary of Nafpaktos)
- Think Silicon is designing the next Artificial Intelligence chip in Greece
- Delphi Economic Forum kicks off in Athens on Monday
- Greece assumes one-year Presidency of the International Holocaust Remembrance Alliance (IHRA)
Latest from E.Tsiliopoulos
- Deputy FM Kotsiras: Bringing young college students and researchers of the diaspora closer to Greece
- Visa express now available on five more Greek islands for Turkish citizens
- BoG: Over 30 mln tourists in Greece in 2023; receipts up 16.5% compared to 2022
- Plato: The papyri that "showed" his burial place also revealed how he spent his last hours!
- More than 200,000 registered for postal vote before Monday deadline