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’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).
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.
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).
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 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.
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