HRADF asks the two candidates for improved bids in DESFA international tender

Hellenic Republic Asset Development Fund (HRADF) asked the two candidates participating in an international tender for the acquisition of 66 pct of Hellenic Gas Transmission System Operator (DESFA) to submit improved offers, after HRADF opened the binding offers on Thursday.

The two candidates in the tender are the consortium of Snam S.p.A., Enagás Internacional S.L.U. and Fluxys S.A. and the consortium of Regasificadora del Noroeste S.A., Reganosa Asset Investments S.L.U., S.N

HRADF has a 31 pct equity participation and Hellenic Petroleum a 35 pct equity participation in the 66 pct majority stake in DESFA offered to investors. The improved offers will be evaluated in a later meeting of HRADF’s board.