Government turns to Italy for the privatization of DESFA

20 September 2016
746 Views

Representatives from Italian firms SNAM are expected to arrive in Athens for talks with the Greek government over the privatization of the national gas transmission system operator (DESFA).

According to a report in Ta Nea, the Italian firm appears to have reached an agreement with SOCAR to purchase 17% of DESFA along with the company management, while the Azeri company acquires 49% and remains a passive shareholder, as requested by the European Commission.

In recent months though SOCAR has been reluctant to move forward with the privatization, with the Ministry of Environment and Energy offering the Italian company a greater stake in DESFA.

According to this scenarion, SNAM may acquire about 30%, while the Hellenic Petroleum (ELPE) company seems content with holding onto 35% of DESFA. There is also a possibility of Belgian company Fluxis getting involved, as it had previously expressed an interest.

You may be interested

Greece & France signed the Rafale agreement – A proposal is expected by Athens for French frigates
GREECE
shares20 views
GREECE
shares20 views

Greece & France signed the Rafale agreement – A proposal is expected by Athens for French frigates

makis - Jan 25, 2021

The agreement on Rafale fighters was sealed with the visit of the Minister of Defense of France to Athens, for…

Infectious Disease Committee ‘green light’ re-opening of high schools on February 1st – The measures from January 25th
GREECE
shares77 views
GREECE
shares77 views

Infectious Disease Committee ‘green light’ re-opening of high schools on February 1st – The measures from January 25th

makis - Jan 22, 2021

The experts of the Committee of the Ministry of Health gave the “green light” on Friday for the opening of…

EU teleconference Summit: Concerns over Covid-19 mutations and delay in vaccines
GREECE
shares60 views
GREECE
shares60 views

EU teleconference Summit: Concerns over Covid-19 mutations and delay in vaccines

makis - Jan 22, 2021

PM Mitsotakis’ proposal for a European vaccination certificate, which would facilitate travel without the need for a coronavirus test for…

Leave a Comment

Your email address will not be published.