Deadline for binding bids in ADMIE stake sale extended until Oct. 19

Power utility PPC said the deadline for the submission for binding bids for the purchase of a 24 percent stake in the Greek grid operator ADMIE is extended for a week, to “allow more time for potential investors to make their bids”.

The deadline, which would expire on Wednesday, has now been reset for October 19, the company said. Three companies have been shortlisted after the first round: Italy’s Terna, China’s State Grid International Development, and France’s RTE.