DESFA’s selling price to be higher than previous
Baku, Azerbaijan, June 9
By Leman Zeynalova – Trend:
The selling price of the Greek natural gas grid operator DESFA will be higher in the new tender than in the previous one, said president and CEO of DESFA Sotiris Nikas.
“A new tender for selling 66 percent of DESFA will be announced in a few days. There is a great interest from leading European companies in this tender. We are confident that the selling price will be higher than the previous one," Greek media reported Nikas as saying June 9.
To date, the following companies have expressed interest in participation in the tender: Belgian Fluxys, Italian Snam, Dutch Gasunie, Spanish Enagas, Romanian Transgaz, as well as new players like the French GRTgas, SFPI and Marguerite.
Earlier, Greece’s Government Council for Economic Policy (KYSOIP) approved the process of a new tender for DESFA.
The new tender to be conducted by Greece's privatization agency HRADF envisages sale of 66 percent of the gas grid operator.
Azerbaijan’s state oil company SOCAR won a tender in 2013 on the purchase of a 66-percent stake in DESFA for 400 million euros.
The Azerbaijani company intended to obtain a 31-percent stake from the Greek government and to buy a 35-percent stake in Hellenic Petroleum.
It was expected that the deal will be closed only after the purchase of at least a 17-percent stake out of SOCAR’s 66-percent by Italy’s Snam.
SOCAR, Snam and Greek government have been holding intensive talks against the background of changes in legislation that affected DESFA’s financial position and market value.
However, the parties were unable to reach an understanding and consequently, the deal was terminated Nov. 30.
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