Hellenic Republic Asset Development Fund (HRADF) received two binding offers for the acquisition of 66% of the Hellenic Gas Transmission System Operator S.A.’s (DESFA’s) share capital.
The binding offers were submitted by:
- The Consortium composed of Snam S.p.A., Enagás Internacional S.L.U. and Fluxys S.A.
- The Consortium composed of Regasificadora del Noroeste S.A., Reganosa Asset Investments S.L.U., S.N.T.G.N. Transgaz S.A. and European Bank for Reconstruction and Development
(EBRD)
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HRADF currently owns 31% of the Hellenic Gas Transmission System Operator, while HELPE owns 35%.
DESFA operates Greek’s natural gas network and the country’s only LNG terminal, located on the island of Revithoussa.