Of Thanks to Floudopoulos
According to information, the Board of HRDH is meeting today on the subject of LARCO, in order to approve the draft shareholders’ agreements, which will then be posted in the Virtual Data Room in order for the participants in the tender to have access to them.
According to information, the HRDH is expected to set in about 30 days from today the date for the binding offers of the tender.
As it is known, the tender carried out by the HRDH concerns the assets of the State, ie the mining factory of Larymna, the mines in Larymna and Loutsi as well as other assets owned by the Greek State.
At the same time, the second tender is in progress by the special manager, who has the mines of Kastoria, Evia, Fthiotida and Viotia together with their equipment.
The two tenders were announced in parallel in November 2020 and include the so-called shoot out clause, according to which the preferred investor in each of the two tenders will have the right, but not the obligation, to bid in the other tender as well. , provided that it meets the relevant technical and economic selection criteria that have been established.
Six investors were initially interested in the tender, but three continue to be active. These are the companies Mytilineos, GEK TERNA in a joint venture with AD Holdings and Commodity & Mining Insight UK. Trafigura Group, Solway Investment and Tharisa have withdrawn from the tender.
Source: Capital
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