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
-
The electricity interconnection of the islands of the North Aegean, in the new plan of ADMIE
-
Mitsotakis-Tsipras disagreement regarding the vote right for Greeks abroad
-
Tsitsipas beats Djokovic 2-1 in Shanghai Masters in China
-
Incredible photos of longest cruise ship ever passing through Isthmus of Corinth (photos)
-
PM Mitsotakis in Berlin: Greece, Germany to present green development plan in December
Latest from E.Tsiliopoulos
- Sec. of State Pompeo in Thessaloniki
- Elena Kountoura: Support now for the people of the tourism industry
- PM Mitsotakis: Keeping current health measures faithfully will help prevent another lockdown
- Police arrest three with explosives and weapons - Terrorist connections being examined
- Mathraki, on the road to the Adriatic ... (vid)