RNS Number : 1197H
Public Power Corporation S.A.
12 August 2016
ANNOUNCEMENT
Evaluation of the participants in the first phase of the tendering process for the acquisition of
24% of IPTO S.A. share capital
Public Power Corporation S.A. (PPC S.A.) announces that the evaluation of the first phase of the
tendering process for the acquisition of the 24% of the share capital of IPTO (ADMIE) has been completed. The Board of Directors
of PPC, in compliance with the L.4389/2016, as in force, and in accordance with the resolution of the General Meeting of
Shareholders held on July 11, 2016, approved the evaluation of the participants in the first phase of the tendering process.
According to this evaluation, the parties eligible to participate in the second phase of the tendering process, who will be asked
to submit binding offers, are:
· RTE International on behalf of RTE Reseau de
Transport d'Electricite S.A.
· State Grid International Development Limited, Hong
Kong
· TERNA - Rete Elettrica Nazionale S.p.A. in a
consortium with F2i SGR S.p.A.
HSBC Bank plc, Citigroup Global Markets Ltd. and NBG Securities are acting as financial advisors,
while Rokas as legal advisor to PPC in the tendering process for IPTO.
Athens, August 12, 2016
This information is provided by RNS
The company news service from the London Stock Exchange
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