BUSINESS

DESFA sale to Socar is at risk of falling through

VANGELIS MANDRAVELIS

TAGS: Privatizations, Energy

The privatization of gas grid operator DESFA has reached a critical point.

The Greek side is insisting on an amendment that will change the network use rate, which would affect the company’s future revenues. Azeri state company Socar, which has been chosen as the buyer, opposes the idea and, as a result, the sale of the DESFA’s 66 percent stake to Socar is at risk of falling through, according to well-informed sources.

Sources have indicated to Kathimerini that the amendment has the approval of the prime minister and is aimed at scuppering the agreement signed two years ago with Socar.

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