Investor Relations - 12.08.2016

Evaluation of the participants in the first phase of the tendering process for the acquisition of 24% of IPTO S.A. share capital

                                                              ANNOUNCEMENT

 

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

 

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