Greece relaunches tender to sell majority stake in natural gas grid

• Posted in OilGas
• on June 27, 2017
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Greece on Monday relaunched a tender for the sale of a majority stake in its natural gas grid operator DESFA, the country’s privatisation agency said.

Under its latest international bailout, Greece has agreed to sell state assets including a 66 percent stake in DESFA. It aims to conclude the divestment by the end of the year.

Italy’s SNAM has said it was interested in buying the stake.

A previous 400 million euro ($448 million) deal to sell the stake to Azerbaijan’s SOCAR fell through last November after Athens raised DESFA’s tariffs by less than SOCAR had expected and SOCAR demanded a lower price. Dalvin Cook Authentic Jersey

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