Avax confirms with an official announcement yesterday’s publication of Capital.gr that a tender process is underway, at an initial stage and under confidentiality procedures, with the aim of selling the subsidiary Volterra electricity supply company.
In particular, the listed company states in its announcement:
Following a question from the Hellenic Capital Market Commission regarding a recent electronic press release regarding the subsidiary “Volterra SA”, and in view of the smooth operation of the market and the information of the investing public, AVAX SA (the “Company”) clarifies the following:
In accordance with its established policy, the Company always considers every possible option, depending on market conditions and its broader strategy, in order to make the best use of its assets, including its participations.
In this context, the option of evaluating the investment interest for the above subsidiary is investigated, without any relevant decision having been made or negotiations having taken place with any party in any direction.
The Company will, as always, in accordance with the law and without delay, make the appropriate disclosures to inform the investing public, if and if the relevant conditions are met.
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Source From: Capital
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