Greece’s privatization agency, the Hellenic Republic Asset Development Fund (HRADF), on Thursday requested improved bids by the two consortia that have submitted binding offers for the acquisition of 66% for the Hellenic Gas Transmission System Operator S.A. (DES.FA).
Selling off a majority stake of the utility, together with its management, is a memorandum-mandated privatization.
HRADF’s board on Thursday opened the sealed offers by the two bidders.
The 66% stake is divided between HRADF (31%) and the Hellenic Petroleum (Hel.Pe) group, with 35%.
Binding offers were submitted by:
• A consortium composed of Snam S.p.A., Enag?s Internacional S.L.U. and Fluxys S.A.
• A consortium composed of Regasificadora del Noroeste S.A., Reganosa Asset Investments S.L.U., S.N.T.G.N. Transgaz S.A. and the European Bank for Reconstruction and Development (EBRD).
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Source: naftemporiki.gr
