Elvo

A German company linked to France's state-owned producer of military vehicles Nexter Systems has expressed an interest in the acquisition of the majority of the shares of the new Hellenic Vehicle Industry (ELVO), known as Hellenic Vehicle Industry.

After six years of no progress and processes that went back and forth without result, the Hellenic Vehicle Industry (ELVO) could finally become a lever for growth for Greece's economy, especially in the country's north, Finance Minister Christos Staikouras said on Tuesday.