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HRADF accepts improved Socar offer on DESFA privatization
The Hellenic Republic Asset Development Fund (HRADF)’s board of directors accepted Socar’s improved offer of €400 million, regarding the privatization of 66% of the Hellenic Gas Transmission System Operator (DESFA), out of which 31% is owned by HRADF and 35% is owned by Hellenic Petroleum S.A.
Hellenic Petroleum S.A. decision on the offer is expected after the meeting of its Board of Directors. HRADF is very pleased to welcome Socar in the Greek market, as one very important and strategic partner. In the long run, this deal is expected to induce multiple benefits to Greek consumers and enhance competitiveness of the Greek industry.
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