The saga of the LARCO concession seems endless with the two competitions leading to a new postponement.
Although the Special Administrator and the Hellenic Republic Asset Development Fund (HRADF) had scheduled the tenders for the concession of the assets and the factory of the iron-nickel industry for today, nevertheless, according to the information, they set a new date for the submission of the binding offers. Specifically for the 5th of May.
Pending issues
The LARCO bid has two major issues that are holding back the investment mood. The first has to do with the process of collective redundancies of more than 1000 employees with the recent development of the legal action of the trade unions. The second concerns the environmental issues and specifically the issue of the Decision Approving Environmental Conditions but also the violations of the past for which the new owner of the industry is not excluded in the future to be held accountable for them although he did not bear any responsibility.
