Aggreko confirms withdrawal from Rio Olympics contract bidding

(ShareCast News) - Aggreko confirmed it has withdrawn from the bidding process for the 2016 Rio de Janeiro Olympic and Paralympic Games.The company said contracting entities had decided to award the power provision in parts and it not been awarded the first tranche of contracts."Given the preparation required for an event of this scale, we have withdrawn from bidding for the remaining tranche," Aggreko said in a statement. "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," Chief Executive Chris Weston, said.