Snam-led consortium one of six suitors for majority stake in Greek natgas transmission system operator

23 August 2017
950 Views

Italian energy giant Snam is the protagonist in a consortium comprised of four European natgas operators that has submitted a bid in the first phase of the current privatization for Greece’s DES.FA, the transmission system operator for the country.

According to reports, the Italian multinational comprises 50 percent of the consortium, with the other half is shared equally (16.6 percent) by a trio of companies. The trio includes Spanish Enagas, Netherlands-based Gasunie and Belgium’s Fluxys.

The non-binding bid by the Snam-led consortium is one of up to six for 66 percent of DES.FA.
Other European natgas operators that have expressed an interest in the state-owned company include a consortium comprised of Transgas S.A. and GRTgaz S.A., as well as Spain’s Regasificadora del Noroeste S.A.

You may be interested

Coronavirus Greece: 2,874 new cases, 144 intubated, 15 deaths
GREECE
shares16 views
GREECE
shares16 views

Coronavirus Greece: 2,874 new cases, 144 intubated, 15 deaths

makis - Jul 28, 2021

Greek authorities announced that the new laboratory-confirmed cases of the coronavirus recorded in the last 24 hours are 2,874, of…

Odysseus’s Ithaca – Five beautiful beaches you must visit
GREECE
shares27 views
GREECE
shares27 views

Odysseus’s Ithaca – Five beautiful beaches you must visit

Panos - Jul 27, 2021

Ithaca is one of those hidden gems that Greece has to offer the inquiring traveller. The island, known as the…

Turkish businessman pays €76,000 fine in Mykonos for Covid-19 violation on yacht (video)
FINANCE
shares47 views
FINANCE
shares47 views

Turkish businessman pays €76,000 fine in Mykonos for Covid-19 violation on yacht (video)

Panos - Jul 27, 2021

A Turkish yacht owner paid a total of €76,000 for violating Covid-19 regulations in Mykonos. The businessman was fined for…

Leave a Comment

Your email address will not be published.