Kazzinc

The two candidate investors vying for 50.1 percent of Hellenic Petroleum (HELPE), Vitol and Glencore, are seeking partners to submit joint binding bids for the majority stake in the listed company by January 2019.

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

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 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.

Athens has short-listed both remaining candidates in the tender for the privatization of Hellenic Petroleum, while Brussels opened the way on Monday - in record time - for the completion of the privatization of gas grid operator DESFA.

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 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.