About: privatisations

Greece accepts Snam-led consortium’s offer for gas grid DESFA

Greece has accepted a €535 million offer from a consortium led by Italy's Snam for a majority stake in gas grid operator DESFA, naming it the "preferred investor", its privatisation agency said on Thursday (19 April).

Greece launches tender for Hellenic Petroleum privatisation

Greece launched an international tender on Wednesday (18 April) to sell a majority stake in its biggest oil refiner, Hellenic Petroleum, as agreed under its third international bailout.

Greece to push back DESFA gas grid privatisation deadline

Greece’s privatisation agency (HRADF) will push back to February the deadline for the submission of binding offers for a 66% stake in natural gas grid operator DESFA, a source close to the process said on yesterday (18 December).

Commission insists Greece must privatise 66% of DESFA gas grid

Europe's top energy official said today (19 January) that Greek authorities should privatise a majority stake in Greek gas grid operator DESFA, after a deal collapsed last year.

Greece passes electricity market reform, sets sovereign wealth fund

Greek lawmakers yesterday (27 September) passed reforms sought by the country's creditors to cut pension spending and expedite privatisations in exchange for financial aid under the country's latest international bailout.

Azerbaijan’s SOCAR warns Greece against foul play over DESFA deal

Greece will not withdraw a bill amending the regulation of natural gas tariffs, despite warnings by Azerbaijan's SOCAR that it could jeopardise SOCAR's purchase of the Greek national gas grid, a senior energy ministry official said today (20 July).

Ahead of election, Syriza poses as guarantor of bailout deal

A major sell-off of Greek public assets promised as part of its huge international bailout will go ahead as planned, outgoing Greek Economy Minister Georges Stathakis said on Wednesday (26 August), despite looming snap elections.

Greece offers concession with sale of Piraeus port

Greece on Thursday (14 May) offered a concession to its international lenders by pushing ahead with the sale of its biggest port, Piraeus.

Greek reform list fails to impress lenders

Greece sent an updated list of reforms to lenders yesterday (1 April) to try to unlock financial aid and avoid a default. But eurozone officials said more work was needed before new funds could be released.