IPTO announces the conclusion of the submissions of Expression of Interest phase in the context of a proposed sale of a minority stake in Ariadne Interconnection S.P.S.A.

IPTO S.A., will assess within October, whether the EoIs received fulfill the relevant participation criteria

ADMIE (IPTO) S.A. announces the conclusion of the receipt of Expressions of Interest (EoI) phase of the selection process (phase A) for the proposed sale of a minority stake (20%) in Ariadne Interconnection S.P.S.A. 

The interested parties who submitted an EoI are the following:

i. Consortium of Macquarie Super Core Infrastructure Fund SCSp and Phaethon Holdings Single Member S/A
ii. Gek Terna S.A.
iii. Terna SpA
iv. StateGrid International Development Belgium Limited

IPTO S.A., will assess within October, whether the EoIs received fulfill the relevant participation criteria. The shortlisted parties will be invited to submit their binding financial offers for the Bindings Offers phase of the selection process (phase B). The Binding Offers are expected to be submitted by the end of January 2023.