Two consortia present improved offers for 66% stake of DESFA, according to sources

The two consortia have presented state privatisation agency HRADF improved offers for a 66% stake in DESFA, the Greek gas transmission operator, unnamed sources said on Wednesday.

According to the sources, the bids are likely to be unsealed during HRADF’s Friday meeting.

According to earlier announcements by the Environment and Energy Ministry, the sale price was over 400 million euros, while some sources place it as high as 480 million euros.

The first bidding consortium consists of the three basic partners of the TAP pipeline – Snam (Italy), Fluxys (Belgium) and Enagas (Spain) – while the second consortium consists of Reganosa (Spain), Transgaz (Romania) and the European Bank for Reconstruction and Development.