BUSINESS

Socar says other plans in Greece won't be affected by DESFA

TAGS: Energy, Privatizations

Azeri state energy company Socar said on Thursday its failure to reach an agreement on buying a 66 percent stake in Greek gas grid operator DESFA would not affect its investment plans in Greece and the region.

The Greek Energy Ministry had said on Wednesday Socar’s proposal to reduce the price of the 400-million-euro deal was unfeasible.

[Reuters]

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