Monday, September 16, 2019

Greece Approves Two Consortia for Hellenic Petroleum Bids

January 21, 2019

Greece on Monday approved two consortia to submit final bids for a 50.1 percent stake in its biggest oil refiner Hellenic Petroleum, its privatisations agency said.

The consortia are: Glencore Energy with a unit of U.S.-based Carlyle Group; and Vitol Holding with Algeria-based Sonatrach.

Glencore and Vitol had already been shortlisted last summer.

(Reuters, Reporting by Angeliki Koutantou Editing by Karolina Tagaris)

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