Showing posts with label Yannis Kabouris. Show all posts
Showing posts with label Yannis Kabouris. Show all posts

Thursday, May 18, 2017

Greece to conclude power grid spin-off by June -ADMIE chief - EURONEWS

18/05/2017Reporting by Angeliki Koutantou; Editing by Karolina Tagaris and David Goodman

ATHENS (Reuters) - Greece will conclude the spin-off of power grid operator ADMIE (ΑΔΜΗΕ) by mid-June, meeting a key term of its third international bailout,ADMIE’s chief executive said on Thursday. Athens and its EU/IMF lenders had agreed that 24 percent of ADMIE, owned by state-controlled utility Public Power Corp, would be sold this year to China’s State Grid Corp and a further 25 percent to a Greek state holding company.