PPC pushes back bids deadline for DEDDIE

PPC pushes back bids deadline for DEDDIE

Greece’s biggest electricity utility, Public Power Corporation (PPC), has pushed back the deadline for the expression of interest for a majority stake in the country’s sole grid operator DEDDIE, it said on Friday.

PPC, which is 51% owned by the state, had set January 29 as the deadline for the submission of non-binding bids for DEDDIE.

The new deadline is February 19, it stated. PPC is selling a 49% stake in DEDDIE, which it fully owns. DEDDIE operates Greece’s only 242,000 kilometer-long power distribution grid. [Reuters]

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