Snam-Enagas-Fluxys consortium submits higher bid for Greece’s DESFA

EPA/ALEXANDROS VLACHOS/FILE PICTURE

Facilities of the Hellenic Gas Transmission System Operator (DESFA) on the island of Revithousa, Greece.

Snam-Enagas-Fluxys consortium submits higher bid for Greece’s DESFA


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A consortium composed of Italian gas infrastructure company Snam, Spain’s Enagas Internacional and Belgium’s Fluxys submitted the highest bid in an tender for the acquisition of a 66% stake in Hellenic Gas Transmission System Operator (DESFA), the Hellenic Republic Asset Development Fund (HRADF) said on April 16.

HRADF said in a press release that its Board of Directors, in co-operation with Hellenic Petroleum, unsealed the improved financial offers.

The second offer came from the Consortium composed of Spain’s Regasificadora del Noroeste, Reganosa Asset Investments, Romania’s Transgaz and European Bank for Reconstruction and Development (EBRD).

HRADF said it asked the Snam-Enagas-Fluxys concortium, which submitted the higher improved offer, to submit a further improved offer, which will be assessed at a subsequent meeting of HRADF’s Board of Directors and by the appropriate corporate bodies of HELPE.

 

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