Ellaktor’s Avax, Terna Bid for Greek Road Project, Imerisia Says

Ellaktor SA (ELLAKTOR)’s building unit, J&P Avax SA, submitted a joint bid with Terna Energy SA (TENERGY) for a 120.5 million euro ($162.9 million) contract to build a section of road in northern Greece, Imerisia said.

The bid was the lowest by 16.2 percent for the deal to construct a 16.2 kilometer stretch of the Egnatia highway in three year, the Athens-based newspaper reported, without citing anyone.

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To contact the reporters on this story: Natalie Weeks in Athens nweeks2@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at Acullen8@bloomberg.net

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