Gupta Family Group Alliance

Greece has shortlisted Anglo-Swiss Glencore and Swiss Vitol to submit a binding bid for a majority stake in the country's biggest oil refiner Hellenic Petroleum, its privatization agency said on Wednesday.

As expected, international traders Glencore and Vitol were short-listed on Tuesday in the tender for the 50.1 percent stake in Hellenic Petroleum (HELPE) after three other bidders were dropped from the second stage.

Greece's privatization agency (TAIPED) disqualified on Tuesday three out of the five investment groups which had expressed interest in acquiring a majority stake in Greek refiner Hellenic Petroleum (HELPE), leaving Glencore Energy UK and Vitol Holding B.V. in the second round of the tender.

Greece received five expressions of interest for a majority stake in its biggest oil refiner Hellenic Petroleum, the country's privatizations agency said on Wednesday.

Initial interest was submitted by: Alrai Group Holdings Limited, a consortium comprising Carbon Asset Management DWC-LLC and Alshaheen Group, Gupta Family Group Alliance, Glencore Energy UK and Vitol Holding B.V.