Baku, Azerbaijan, Nov. 6
By Emil Ismayilov - Trend:
The EU executive has launched an investigation into plans by the State Oil Company of Azerbaijan Republic (SOCAR) to acquire Greece's gas transmission network operator, Desfa, Deutsche Welle agency said.
The European Commission said Nov. 5 it had started an in-depth investigation to assess whether the proposed acquisition of the Greek gas transmission system operator DESFA by SOCAR would be in line with the bloc's merger regulations. It said SOCAR had offered 400 million euros
to secure a majority stake of up to two-thirds in DESFA.
The EU executive noted it had concerns that the planned deal might reduce competition on the upstream wholesale supply market for natural gas in Greece.