Hellenic Republic Asset Development Fund (HRADF) unanimously accepted on Thursday the improved financial offer of the consortium of the companies Snam SpA, Enagas Internacional SLU and Fluxys SA, of 535 million euros for the acquisition of a 66% stake in Hellenic Gas Transmission System Operator SA (DESFA), i.e. 31% from HRADF and 35% from Hellenic Petroleum SA (HELPE), ANA reports.
The HELPE board of directors has accepted the offer, and an extraordinary general meeting of HELPE shareholders will vote on it, after which the file of the tender process will be submitted to the Court of Audit for approval. The conclusion of the transaction is conditional to the competent authorities’ approvals.
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