Greece ex­tends dead­line for in­ter­est in DESFA

Kathimerini English - - Focus -

Greece’s pri­va­ti­za­tion agency TAIPED said yes­ter­day it had ex­tended the dead­line for sub­mis­sion of ex­pres­sions of in­ter­est in nat­u­ral gas grid op­er­a­tor DESFA to Au­gust 7. Greece is seek­ing a buyer for a 66 per­cent stake in the grid un­der a pri­va­ti­za­tion scheme it has agreed with in­ter­na­tional lenders. Yes­ter­day was the orig­i­nal dead­line. TAIPED said its board de­cided to post­pone the dead­line after a re­quest by a po­ten­tial in­vestor. Greek au­thor­i­ties re­launched the pri­va­ti­za­tion process for DESFA after a deal with Azer­bai­jan’s So­car fell through in 2016. That deal col­lapsed after Athens passed leg­is­la­tion rais­ing DESFA’s gas tar­iffs by a lower amount than So­car had ex­pected. The agency is sell­ing its 31 per­cent stake in DESFA and Greece’s big­gest oil re­finer, Hel­lenic Petroleum, is di­vest­ing the rest.

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