BUSINESS

Greece gets five expressions of interest in Hellenic Petroleum sale

TAGS: Privatizations, Energy

Greece received five expressions of interest for a majority stake in its biggest oil refiner Hellenic Petroleum, the country’s privatizations agency said on Wednesday.

Initial interest was submitted by: Alrai Group Holdings Limited, a consortium comprising Carbon Asset Management DWC-LLC and Alshaheen Group, Gupta Family Group Alliance, Glencore Energy UK and Vitol Holding B.V.

Greece and Paneuropean Oil and Industrial Holding are jointly selling a stake of at least 50.1 percent in the refiner.

The deadline for making submissions expired at 1400 GMT on Wednesday. [Reuters]

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