The agreement for the 66% of DESFA to SOCAR has been signed
The agreement for the 66% of DESFA to SOCAR has been signed
The completion of transaction requires the acquisition of relevant authorizations at national and European level
The agreement between HRADF and Azerbaijani oil company SOCAR to sell 66% of shares of "Hellenic Gas Transmission System Operator" (DESFA) for 400 million euros was signed moments ago.
During an event at the centre of Athens, an agreement was signed to sell the DESFA shares of HRADF and Hellenic Petroleum (HEP) in the Azerbaijani State Oil Company of the Republic of Azerbaijan (SOCAR), by the presence of Environment Minister Yannis Maniatis, Deputy Minister of As. Papageorgiou and SOCAR president Rovnag Abdullayev.
By signing the agreement SOCAR gets the 66% DESFA over 400 million euros, ie 31% owned by HRADF and 35% by Hellenic Petroleum.
An agreement between the shareholders of the Greek State, HRADF and SOCAR was signed as well, which involves the administration of DESFA after the transfer of shares to SOCAR. It creates conditions for the inflow of additional investment capital to implement the necessary investments that will lead to the modernization and strengthening of competitiveness in the energy market.
The completion of this transaction requires the taking of relevant authorizations at a national and European level.
During an event at the centre of Athens, an agreement was signed to sell the DESFA shares of HRADF and Hellenic Petroleum (HEP) in the Azerbaijani State Oil Company of the Republic of Azerbaijan (SOCAR), by the presence of Environment Minister Yannis Maniatis, Deputy Minister of As. Papageorgiou and SOCAR president Rovnag Abdullayev.
By signing the agreement SOCAR gets the 66% DESFA over 400 million euros, ie 31% owned by HRADF and 35% by Hellenic Petroleum.
An agreement between the shareholders of the Greek State, HRADF and SOCAR was signed as well, which involves the administration of DESFA after the transfer of shares to SOCAR. It creates conditions for the inflow of additional investment capital to implement the necessary investments that will lead to the modernization and strengthening of competitiveness in the energy market.
The completion of this transaction requires the taking of relevant authorizations at a national and European level.
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