Investor Relations - 27.10.2016

IPTO bidding process

                                                                     Announcement

 

PPC announces that the bidding process for the sale of IPTO’s 24% share capital to a strategic investor has been completed.

The Chinese company State Grid was the highest bidder with an offer of € 320 m.

PPC’s Board of Directors will decide on the preferred bidder on October 31st, 2016. The final decision will be made by the Shareholder’s General Assembly scheduled to take place on November 24, 2016.

 

Athens, October 27, 2016

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