After the shareholders of Greek Public Power Corporation (PPC) approved the sale of 24 % stake of its subsidiary, the national electricity transmission system operator ADMIE, several names started reemerging as main contenders for the purchase.
Italian Terna expressed interest during the previous unsuccessful tender for the sale of 66 % stake in ADMIE. The company was prepared to invest some 400 million euros in the purchase of stake in Greek transmission system operator, which is approximately the current price of the offered 24 % of the shares.
Full article available for subscribers of Energy NEWS service (PDF publications, energy news, analyses, power and trading data, tenders)
Subscription fee: 800 EUR annually – company licensed
Tags: ADMIE, EDF, Greece, PPC, privatization, RTE, SGCC, Tender, Terna