Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
Following a competitive bidding process, IPTO SA agreed to sell a 20% equity stake in its wholly owned subsidiary Ariadne Interconnection, the project company responsible for constructing and financing the Crete–Attica electrical interconnection. In November 2024, IPTO signed an agreement with State Grid International Development Ltd (SGID) for this stake sale, bringing SGID into the corporate structure of Ariadne Interconnection. Through this transaction, SGID became a new shareholder in the entity implementing the high‑voltage direct current (HVDC) Crete–Attica interconnector project in Greece.