LONDON (Alliance News) - Aggreko PLC confirmed Friday it has pulled out of the bidding process for the 2016 Rio de Janeiro Olympic and Paralympic Games.
The temporary power supplier said that it had made the decision after it had been advised it had not been awarded the first tranche of contracts, citing the preparation required for an event of that scale.
The announcement followed a report from Reuters on Monday that the company had pulled out of the process, citing a spokesperson for the games.
"We have given considerable thought to our decision to withdraw from the bidding process, and I would like to thank our team for all their hard work. We wish Brazil, the Rio 2016 Committee and the International Olympic Committee the very best for a successful games," said Aggreko Chief Executive Chris Weston in a statement.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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