What is the procedure for the nomination of the highest bidder?

The Bidder will be nominated based on the highest amount offered (Price), in accordance with the procedure described below. The Bidder’s Offer is binding for ninety (90) days, which may be extended, if requested by the Company, for another thirty (30) days, upon a written notification (e-mail) of the Bidder, unless the latter disagrees in writing. In case of withdrawal of the Bidder within the effective term of the Offer, the Participation Guarantee is forfeited in favor of the company.
After the expiration of the time of submission of the Offers, the interested Buyer who participated and offered the highest Price for the purchase of each property (in accordance with the relevant Ranking Table) is nominated as Bidder for the respective property by decision of the Company (unless the Company decides otherwise, in accordance with what is stipulated in the paragraph below). The Bidder will be informed about their nomination by e-mail, while the other participants will be informed that the property was sold or the relevant information will be posted on the website; that “a bidder has been nominated”.