Two bids were submitted today in the tender for the divestment of the Melitis and Megalopolis lignite units, as it became known today from PPC circles. It should also be noted that an improvement of the offers was situs judi slot terbaik dan terpercaya no 1 requested, while the PPC Board of Directors will meet on Friday, February 8 to evaluate them.
The SEV.EN ENERGY – GEK TERNA Consortium clarifies, in its announcement, that it did not submit a binding offer based on the final Share Sales Agreements (SAS) but on the basis of an alternative version of the Agreements.
In particular, it states: “Unfortunately, the final terms and conditions of the transaction, as they have been reflected in the aforementioned MOUs and approved by the Board of Directors of PPC on December 20, 2018, in combination with a number of additional volatile factors, still burden significant risks to the Buyer, which could not be accepted by the Consortium.
However, the Consortium has decided to submit a Binding Offer on the basis of an alternative version of the MOU, which includes a more balanced distribution of risks between the Seller and the Buyer, as well as bridging the gap between the expectations of the Seller and the Buyer in relation to the development of the electricity market. We consider that the alternative version of the MAS is fully in line with the competition principles of the European Union and, therefore, can lead to the closing of the transaction.
Our Consortium has been and remains committed to the venture and is submitting this proposal in order to ensure the successful outcome of the bidding process and the viability of the units in the interest of all parties involved, including workers and local communities.”
According to information, the second offer concerns only the unit of Melita (Florina) and not the units of Megalopolis.
