The investment fund Fia Group, which offered one Euro for purchase of Elp, with the obligation to settle the debts to creditors, hasn’t submitted the needed financial guarantees, and the contract with the fund has thus been cancelled.

The second tender is underway, and a number of international companies have expressed interest in Elp.

Banks are now not so eager for blocking enterprises as they were at the beginning of the crisis, when a lot of them hoped to collect their claims in that way.

However, the outcome is worse than they expected. The best example is the attempt to sell Eurolux Petrol, which includes ELP petrol stations, whose account has been blocked since December 14, 2008 due to unpaid debts.

For the time being, this has turned out to be an unsuccessful attempt, since the best bidder, the investment fund Fia Group, seems to have been ruled out of the game.