Snam-led consortium selected as preferred DESFA investor – Greece, 20 April 2018

Greek state privatization fund TAIPED announced that a consortium comprised of Italian company Snam, Spanish Enagas and Belgian Fluxys has been selected as the preferred investor for the acquisition of a 66 % stake in Greek natural gas transmission system operator DESFA.
TAIPED Board has unanimously accepted an improved financial offer made by the consortium worth 535 million euros for DESFA’s 66 % stake – 31 % owned by the privatization fund and 35 % owned by Hellenic Petroleum (ELPE). The Board of directors of ELPE has also accepted the abovementioned offer, which is also expected to be endorsed at the next extraordinary general shareholders’ meeting.

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