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its Christos Mazanitis
Overcrowding of possible suitors for the future of the Greek vehicle industry (ELVO). Six investment schemes have shown great interest in claiming the company’s facilities, along with a gold contract for the Greek army.
The Italian Ferrovie dello Stato Italiane (FSI) that has acquired TRAINOSE, the German Krauss-Maffei WegmannGmbH & Co. KG, the Israeli Plasan, the South African group Paramount, a company of Greek companies and the Indian group Tata Group are the candidates for the acquisition of the company. And if their Indians sound like strangers, people on the market argue that it looks like they might be the big favorites for the competition. Tata is unknown to the general public in Greece, but in the UK they know this very well, as he is the company that owns Jaguar and Land Rover.
The same rumors speak of a strong interest from the Indians, since the acquisition of ELVO will give them the right to create a factory for the production of their products that will have no obligations in the post-Brexit era, while they see that there is space in the Balkans for production. a cheap city car, something Tata has experience in India.
Also, due to Land Rover, you will be able to bid and you will definitely have a huge advantage in terms of the tender for the replacement of the 10,000 Greek army Mercedes jeeps, while at the same time a second contract of the Greek army for production will be executed of a new body. needs of all kinds of trucks and buses.
Of course, since we are talking about a competition, nobody can rule out the result. South Africans have also shown great interest, as the production of their vehicles on the ELVO line also brings the coveted certification to the European market, while the Israelis are extremely positive about investing in Greece and further strengthening ties between two countries.
As for the bidding process, it is expected to be completed on May 18, after a short period of extension due to a time trial. Normally, the process of submitting majority binding offers ended today, April 28.
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