No binding offers submitted for majority stake of Hellenic Petroleum
No binding offers were submitted by the ascribed deadline to the Hellenic Republic Asset Development Fund (HRADF) for a 50.1-percent stake in Hellenic Petroleum S.A. (Hel.pe), Greece’s biggest petro-chemical group, the privatization agency announced on Wednesday.
In a statement, HRADF referred to “…reasons related to the short-listed parties and recent developments in the international environment that affect the consortia…”
The majority stake in Hel.pe is jointly owned by HRADF and Paneuropean Oil and Industrial Holdings S.A.)
The privatization agency’s board of directors will now convene to consider the next steps in the process.
You may be interested
Telegraph: Greece ideal destination for familiesPanos - Jun 19, 2019
Greece is the ideal family holiday destination, writes British Telegraph in its travel section. The article presents a wide range…
The Turkish-Cypriots decided to annex the “ghost town” of Famagusta!Panos - Jun 19, 2019
The “parliament” of the illegal government of the occupied northern Cyprus decided to open Famagusta (a.k.a. Ammochostos or Varosi), which…
BoG: Progress in reducing NPLs, mixed picture in other indexes affecting Greek banksPanos - Jun 19, 2019
A Bank of Greece (BoG) review for the country's banking sector in 2018 notes that it remains in a "recovery…