Monday September 22, 2014 Search
Weather | Athens
31o C
22o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greek power grid operator sell-off draws international interest

Greek power grid operator ADMIE attracted five expressions of interest as the government seeks to sell a controlling stake, state-controlled power utility PPC said on Friday.

PPC, which owns ADMIE and will handle the deal, said in a regulatory statement that “five expressions of interest were submitted, indicating strong competition and robust international investor interest.”

According to two sources with knowledge of the matter, the possible suitors include Chinese grid operator China State Grid Corp (SGCC), Italy’s Terna and Belgium’s Elia.

“The other two expressions of interest have come from a Canadian investment fund and a company from India,” one of the two sources said on condition of anonymity.

This wide-ranging interest from three continents confirms the increasing attractiveness of Greek state asset sales after its bailed-out government returned to the bond markets last month.

Athens is selling 66 percent of ADMIE, which runs about 11,000 kilometers of high-voltage power lines across the country.

[Reuters]

ekathimerini.com , Friday May 9, 2014 (20:52)  
Greek current account surplus shrinks in July
Investors snap up euro zone banks, exporters in ECB bet
Euro touches 14-month low before Draghi testimony
Draghi effect subsiding leaves pressure building on ECB chief
Italy to return ancient Greek coins seized in 2008
Italy is due to return to Greece on Monday 80 ancient coins that were seized by Italian authorities six years ago. The handover of the silver and bronze coins is due to take place at the sid...
Civil servants´ union calls new strike over evaluation
Greece’s civil servants’ union, ADEDY, has called a 24-hour strike for Tuesday following a court decision banning it from preventing its members taking part in the public sector evaluation s...
Inside News
SOCCER
Reds beat Veria to claim league lead
Olympiakos thumped hitherto Super League leader Veria 3-0 on Saturday to go alone on top of the table for the first time after four rounds of games. Four days after putting three past Atleti...
SOCCER
Triumph for PAOK, historic result for Asteras in Europa League
Greek teams produced a patchy record on the opening night of the Europa League group stage on Thursday, as PAOK thrashed Dynamo Minsk, Asteras Tripolis snatched a draw at Besiktas and Panath...
Inside Sports
COMMENTARY
Universities threatened by transfers
The problem arising from the abuse of the Greek university transfer system – whereby some students are allowed to move to an institution of their choice instead of the one they were admitted...
EDITORIAL
Capital changes
A sizable part of the middle of the Greek capital has been slated to receive a significant makeover with the implementation of an urban restructuring project which includes turning a key cit...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Italy to return ancient Greek coins seized in 2008
2. Greek current account surplus shrinks in July
3. Civil servants´ union calls new strike over evaluation
4. Kerry pledges greater US role in Cyprus peace talks
5. Venizelos denies jihadis are being trained in Greece
6. Alexander the Great´s tomb not at Amphipolis, says Culture Minister
more news
Today
This Week
1. Euro touches 14-month low before Draghi testimony
2. Alexander the Great's tomb not at Amphipolis, says Culture Minister
3. Draghi effect subsiding leaves pressure building on ECB chief
4. Investors snap up euro zone banks, exporters in ECB bet
5. Venizelos denies jihadis are being trained in Greece
6. Kerry pledges greater US role in Cyprus peace talks
Today
This Week
1. Greece at bottom of social justice scale among EU28
2. ‘Greece can meet its needs on its own’
3. Central Athens traffic restrictions back in force on Monday
4. Lost in the fog
5. Record sum of new debts to the state in August
6. Democracy under Pressure | Live Streaming
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.