No expressions of interest were submitted in a tender for the state-run Hellenic Vehicle Industry (ELVO), as a relevant deadline expired on Monday, according to the president of the union representing the industry’s workers.
The development comes after a first such offer was also declared void several months ago, although two proposals had been submitted at the time: one by Germany-based Krauss-Maffei Wegmann GmbH & Co. KG (KMW), and another by the South Africa firm Paramount Group.
The debt-laden company manufactures and maintains wheeled and tracked vehicles, mostly via contracts with Greece’s armed forces.
