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Greece shortlists two investors for gas grid DESFA sale

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LNG Industry,

Reuters are reporting that Greece’s privatisation agency (HRADF) has shortlisted two bidders to submit binding offers for a 66% stake in the country’s natural gas grid operator DESFA.

HRADF said the two investors qualified to proceed to the next phase of the tender were Spain’s Regasificadora del Noroeste and a consortium of Italy’s Snam, Spain’s Enagas Internacional, Belgium’s Fluxys and Dutch Gasunie.

Greece had received six expressions of interest for DESFA.

The shortlisted investors will carry out a due diligence process and will have access to DESFA’s infrastructure before they submit their binding bids.

Under its bailout-mandated privatisation scheme, Greece must conclude the sale by the end of the year. The country, in its eighth year of economic crisis, is aiming for €2 billion in asset sales this year and €3.5 billion in 2018.

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