First phase of process to find strategic investor for ADMIE completed

Economy Tags: Energy, PPC, Privatisations

The Public Power Corporation (PPC) announced on Tuesday evening the completion of the first phase for the sale of a 24-percent stake in the Independent Power Transmission Operator (ADMIE).

The PPC Ordinary General Meeting of July 11 approved the unbundling of ADMIE, which is a wholly owned subsidiary of PPC, and the launch of an international tender offer for the sale of a 24-percent stake to a strategic investor.

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