Reuters logo
Greece relaunches tender to sell majority stake in gas grid
June 26, 2017 / 3:42 PM / 5 months ago

Greece relaunches tender to sell majority stake in gas grid

ATHENS, June 26 (Reuters) - Greece on Monday relaunched a tender for the sale of a majority stake in its natural gas grid operator DESFA, the country’s privatisation agency said.

Under its latest international bailout, Greece has agreed to sell state assets including a 66 percent stake in DESFA. It aims to conclude the divestment by the end of the year.

Italy’s SNAM has said it was interested in buying the stake.

A previous 400 million euro ($448 million) deal to sell the stake to Azerbaijan’s SOCAR fell through last November after Athens raised DESFA’s tariffs by less than SOCAR had expected and SOCAR demanded a lower price. ($1 = 0.8929 euros) (Reporting by Karolina Tagaris; Editing by David Goodman)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below