Public Power Corporation S.A. (PPC S.A.) announces that the first phase of the tendering process for the acquisition of the 24% of the share capital of IPTO (ADMIE) has been completed. Four (4) expressions of Interest (EoI) were submitted. PPC, implementing the Resolution of the General Meeting held on July 11th 2016, will review the submitted expressions of interest and will invite the parties who qualify, according to the criteria set in the Invitation for the Expression of Interest, to participate in the second phase of the process.
In the second phase, qualified parties will conduct due diligence and will be asked to submit binding financial offers for the acquisition of the 24% of the share capital of IPTO.
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, July 26, 2016
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