ATHENS — Spear WTE Investments Sarl, a member of Macquarie Infrastructure and Real Assets Group (MIRA), on Friday was declared the highest bidder in a tender to buy 49% of Hellenic Electricity Distribution Network Operator (HEDNO) offering 2.116 billion euros.
Public Power Corporation, in an announcement said that the offer was valuing the company at 151% of its adjusted asset base, while PPC is expected to have a final decision.
PPC sources said it was the biggest privatization in Greek history and noted that PPC will be able to significantly reduce its borrowing (the debt/net earnings rate will fall below 3), while it will also fund its investment programe on renewable energy sources.
At the same time, HEDNO with the support and know-how over an international partner -and under PPC's management- will develop an expanded programme of modernization and digitalization of its network offering better and more quality services.
PPC said Macquarie's offer included net debt worth 804 million euros.
ATHENS - The Starlink broadband service that will connect the remote areas of Greece to the Internet using a satellite - at 60 euros a month ($65.
FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
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