TAIPED: Binding offer for the lease of LARCO’s assets from GEK TERNA

A binding offer for the lease of the assets owned by the Greek State, which are under the management of LARCO General Mining and Metallurgical S.A., was received today by TAIPED.

These assets include (a) the Larymna mine, namely the mining rights and the mining plant, land, facilities and equipment and (b) the Loutsi mine, namely the mining rights together with land and facilities therein.

The binding offer was submitted by the consortium consisting of the companies “GEK Terna Group” and “AD Holdings AG”.

The evaluation of the offer will begin immediately and will be consistent with the conditions of the invitation to submit binding offers of the international tender process of TAIPED, within the framework of decision Nr. C (2014) 1818 final/27.03.2014 of the Directorate General for Competition of the European Commission (DG Competition) and the Joint Ministerial Decision of the Ministers of Finance and Energy and Environment (Government Gazette 5254/28.11.2020), issued in accordance with article 21 of par. 11 of Law 4664/2020 (Official Gazette A’ 32/14.02.2020).

Source: Capital

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