GEK Terna vehemently denied a press report which claimed that a bank refused to provide the company with a letter of guarantee. 

“The company has excellent relations with all the Greek and numerous international financial institutions and thus it smoothly secures the required letters of guarantee for all the projects that claims and undertakes,” GEK Terna said in a bourse filing. 

GEK Terna urged the investment community :to be extremely cautious of unsubstantiated rumors and false press reports.” 

“The company, in consultation with the relevant authorities, will take the necessary steps to protect its shareholders and the investment community,” it added.