ELVO assets sell-off

ELVO was placed into receivership in January this year.

Accountancy group Ernst & Young - which is acting for the state - announced that it was seeking expressions of interest in assets including ELVO's land and buildings, 11 four-wheel drive military cargo trucks that were built in 2013, and stocks of spare parts.

The property will be sold at a public auction. ELVO was a designer and constructor of tracked and wheeled military vehicles. It was identified in 2011 as a candidate for sale under the Greek privatization programme along with Hellenic Aerospace Industry.

The sale is overseen by the Hellenic Republic Asset Development Fund (HRADF), which has been under a wave of criticism lately, for failing to meet its financial targets in the last three years.