Thursday, September 19, 2019

Hellenic Petroleum Expects Final Bids

Posted by November 9, 2017

Hellenic Petroleum expects to get binding bids for Greece's gas grid operator next month, its deputy chief executive officer said on Thursday.

"We expect to get financial offers in December," Andreas Shiamishis told an analysts conference call.

Hellenic is divesting its 35 percent stake in the grid, DESFA , and the Greek state 31 percent of the 65 percent it holds under the country's latest international bailout. Athens has shortlisted two investors to submit binding offers for the grid.

Hellenic has said it was seeking a price "at least equivalent" to a previous offer of 400 million euros.
Reporting by Angeliki Koutantou

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