Snam-led consortium said to offer 535 million for DESFA, asked to improve bid

The strategic interest of Italian gas infrastructure company Snam in the Greek gas network was confirmed on Monday with the opening of the improved financial offers for the acquisition of 66 percent of gas grid operator DESFA.

The consortium of Snam SpA, Spain's Enagas Internacional and Belgium's Fluxys submitted, according to the statement by state sell-off fund TAIPED, the highest offer which Kathimerini understands amounted to 535 million euros. According to the terms of the tender, TAIPED requested the preferred bidder to submit another offer that would be further improved, to be assessed at the next board meeting of the fund and by the other stakeholder, Hellenic Petroleum.

Although this information has not yet been officially confirmed, the so-called "consortium of TAP companies", after the Transadriatic Pipeline, is said to have outbid the other bidder by 78...