Greece shortlists two investors for gas grid DESFA sale
Published by Joseph Green,
Editor
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.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/25092017/greece-shortlists-two-investors-for-gas-grid-desfa-sale/
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