Market›ADMIE
Company Profile

ADMIE

Independent Power Transmission Operator S.A. is the Transmission System Operator for the Hellenic Electricity Transmission System. The mission of the company is the operation, control, maintenance and development of the national transmission system of Greece to ensure the reliable and efficient electricity supply, as well as the operation of the electricity market following the principles of transparency and equality.

Privatization
The Greek Bailout Agreement in July 2015 includes the privatization of ADMIE. For this purpose, ADMIE is to be split from PPC S.A., with a 51% stake to be transferred to the Greek State and a 49% stake to be sold, including a stake of at least 29% to be offered to strategic Investors. On 21 October 2016, a consortium formed by Terna S.p.A. and F2i SGR S.p.A. (both with 50% stakes) submitted a binding offer for the acquisition of a 24% stake in ADMIE. Finally, the 24% of the company was sold to the State Grid Corporation of China. ==See also==
Source: Wikipedia ↗
tickerdossier.comtickerdossier.substack.com