Axar.az
UP

SOCAR will soon privatize DESFA

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

The issue of privatization of the Greek natural gas transmission network operator (DESFA) will be solved soon, the chairman of Hellenic Republic Asset Development Fund (HRADF) Stergios Pitsiorlas said.

“The process is about to be completed soon. DESFA will be privatized by SOCAR by selling of 17% to Italy’s Snam company”, he added.


Currently, the Directorate-General for Competition of the European Commission is considering the issue on privatization of DESFA.


On July 31, 2013, the Hellenic Republic Asset Development Fund approved the transaction on purchase of 66% of DESFA shares by SOCAR for €400 mln.

In December 2013, SOCAR and Greece's state privatisation fund and Petroleum companies signed Contract on Shareholders and the Share Purchase Agreement (SPA). SOCAR purchases 31% share of DESFA from Greek government, 35% from Hellenic Petroleum SA. HRADF will control share package of the DESFA prior to the SOCAR takes over control on it.

Date
2016.05.17 / 20:59
Author
Axar.az
Comments
See also

Azerbaijan currency rates

Oil prices have increased

The price of gas in Europe reached a record high

Oil increase again

Azerbaijan currency rates

Azerbaijani oil price increases

Oil decrese again

The ruble strengthened sharply against the dollar

Azerbaijan currency rates

German inflation slows down to 7.6 pct in June

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla