Gasunie

The deadline for the submission of binding offers for the 66 percent controlling stake in gas grid operator DESFA has been put off from December 22 to January 2018.

State sell-off fund TAIPED accepted a request to that effect submitted by candidate investors last week, as they want more time to prepare their offers.

Greece aims to get binding offers from investors shortlisted for a 66 percent stake in state-controlled natural gas grid DESFA by the end of the year, two sources close to the process said on Wednesday.

The executive board of Greece's privatization agency, the Hellenic Republic Asset Development Fund (TAIPED), is set to approve a short list of candidates for the acquisition of a 66 percent stake in natural gas transmission system operator DESFA.

Greece received six expressions of interest for the sale of a 66% stake in state natural gas grid operator DESFA, the country’s privatization agency (HRADF) said in a press release on Monday.

The investor groups that responded to the tender are:

There were expressions of interest from Europe, the USA and Qatar on Monday for a majority stake in Greece's natural gas transmission system operator DESFA.

The Hellenic Republic Asset Development Fund (TAIPED) managed to attract the interest of six bidders for the 66 percent stake in the gas firm. Most of the investors are from Europe.

Sources from the government and the state sell-off fund (TAIPED) express their optimism for the first stage of a tender for the privatization of gas grid operator DESFA that is to be completed on Monday with the expression of interest from potential investors.