Greece receives two binding offers for sale of DESFA share

Greece’s privatization agency (HRADF) received on Friday two binding offers for the acquisition of a 66 percent stake (31 pct stake owned by HRADF and 35 pct owned by Hellenic Petroleum) in the country’s natural gas grid operator DESFA.

The binding offers were submitted by the following two consortia:

– Snam S.p.A., Enagás Internacional S.L.U. and Fluxys S.A.

– Regasificadora del Noroeste S.A., Reganosa Asset Investments S.L.U., S.N.T.G.N. Transgaz S.A. and European Bank for Reconstruction and Development (EBRD)

The evaluation process will begin immediately and will be in line with the terms specified in the tender’s process letter.