ATHENS, Oct 26 (Reuters) - Greece's power utility Public
Power Corp. (PPC) DEHr.AT said on Wednesday that China's State
Grid STGRD.UL was the highest bidder for a minority stake in
the country's power grid operator ADMIE.
PPC said State Grid offered 320 million euros ($349 million)
for a 24 percent stake in the operator.
State Grid and Italian power grid Terna TENr.AT submitted
binding bids for the stake last week.
PPC said its board would decide on the preferred bidder on
Oct. 31, while the final decision would be taken by a
shareholder meeting due on Nov. 24.
($1 = 0.9173 euros)