Markets buoyed by election result
PDMA nears completion of annual debt strategy, taking another cautious step
Import prices fall sharply by 12.7 pct in Mar, as energy drops by 28.4 pct
Latest 2022 fiscal data a boost as profit transfers and growth lead to small surplus
S&P only ups outlook, waits for political clarity before rating move
BoG sees 2.2 pct growth in 2023 but warns new govt must stick to reforms
Chinese State Grid makes highest bid of 320 mln for 24 pct stake in ADMIE
The Public Power Corporation (PPC) said on Wednesday evening that the China’s State Grid Corporation submitted the highest binding offer of 320 million euros for the acquisition of a 24 percent stake in the Independent Power Transmission Operator (ADMIE).
The Chinese State Grid’s bid implies a value of 1.33 billion euros for the whole company, which is close to ADMIE’s 2015 Regulated Asset Value (RAV) of 1.37 billion.
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