The board of directors of Greece’s privatization agency on Thursday unanimously accepted an improved offer of 535 million euros submitted by an international consortium for 66 percent of the Hellenic Gas Transmission System Operator S.A. (DESFA), a memorandum-mandated privatization.
The deal was also approved by the board of Hellenic Petroleum (Hel.Pe).
The 66-percent stake that will be sold off is comprised of 31 percent owned by the Hellenic Republic Asset Development Fund (HRADF) and Hel.Pe group, with 35 percent.
The consortium, composed of Snam S.p.A., Enagás Internacional S.L.U. and Fluxys S.A., placed the highest of two offers submitted to the privatization agency (HRADF).
