BUSINESS

Greece relaunches tender to sell gas grid stake

TAGS: Energy, Privatizations

Greece on Monday relaunched a tender for the sale of a majority stake in its natural gas grid operator DESFA, the country’s privatization agency said.

Under its latest international bailout, Greece has agreed to sell state assets including a 66 percent stake in DESFA.

It aims to conclude the divestment by the end of the year. Italy’s SNAM has said it was interested in buying the stake.

A previous 400-million-euro deal to sell the stake to Azerbaijan’s Socar fell through last November after Athens raised DESFA’s tariffs by less than Socar had expected and Socar demanded a lower price.

[Reuters]

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