Preferred bidder selected for stake in HEDNO
Public Power Corp (PPC) has announced a preferred bidder for the acquisition of a 49% stake in Hellenic Electricity Distribution Network Operator (HEDNO) in Greece. The bidder is Spear WTE Investments Sarl (Spear), which is a subsidiary company managed by Macquarie Infrastructure and Real Assets Group (Macquarie).
Macquarie proposed EUR2.1 billion (US$2.45 billion), including debt of EUR804 million (US$939.37 million), for the 49% stake in HEDNO, making it the highest offer among all four final bidders. PPC will take the final decision regarding the transaction on October 19, 2021, during a shareholder meeting.
HEDNO operates a 242,000-km long grid, which brings electricity to about 7 million households and businesses across Greece.
Country updates
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September 29, 2021
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The tender issued by Eidikos Diabathmidikos Syndesmos Nomoy Attikis for the development of waste treatment plants in Piraeus and Attica (Greece) has finalized on September 22, 2021. Among other...
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August 30, 2021
Winner announced for Egnatia Odos road concession in Greece
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