PPC receives four offers for 49% stake in HEDNO

The Public Power Corporation (PPC) received four binding offers for a 49% stake in Hellenic Electricity Distribution Network Operator (HEDNO), it said on Friday, the deadline day.

The interested groups are all global fund managers and as follows, in alphabetical order:

– CVC Capital Partners Group, handling over 117 billion dollars in assets, based in Luxembourg
– First Sentier Investors Group, handling 176 billion dollars with investments in electricity power and natural gas distribution networks, based in Australia
– KKR Group, handling 252 billion dollars, some of it invested in infrastructure, based in the United States
– Macquarie Group, handling 420 billion dollars, including in energy networks, based in Australia.

PPC will review the technical files of offers and proceed to opening the financial offers.