PPC shareholders approved ADMIE privatization – Greece, 12 July 2016

Shareholders of Greek Public Power Corporation (PPC) have agreed to the sale of 24 % of PPC’s subsidiary, national electricity transmission system operator ADMIE, which is in accordance with the third bailout package.
According to the bailout package approved in August 2015, PPC, in which the state owns 51 % stake, have to sell a minority stake in its subsidiary ADMIE or to fully privatize the electricity network by next year.

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