Greece delays deadline for Hellenic Petroleum bids to January, say sources

Greece has told shortlisted investors to submit final bids for a majority stake in its biggest oil refiner Hellenic Petroleum by January, two sources close to the sale said on Monday, pushing the deadline back from November.

Greece, which is selling assets as part of a deal with international lenders, has delayed the deadline several times after Glencore Energy and Vitol Holding were shortlisted to bid for the 50.1 percent stake in the summer.

The market value of the stake is now almost 1.2 billion euros ($1.35 billion), according to Refinitiv's Eikon data.

A source had previously said it expected final bids for the stake "towards the end of November". But two sources close to the sale said the new deadline was in January.

The state has been awaiting a decision by the securities regulator on whether the prospective buyer will have to make a mandatory...