Hellenic Republic Asset Development Fund (HRADF) has invited interested parties to submit Expressions of Interest (EOI) to participate in an international public competitive bidding Tender Process for the acquisition of a 66% stake in the Hellenic Gas Transmission System Operator SA (DESFA)

The previous tender for the sale of DESFA declared as preferred bidder the Azerbaijani company SOCAR. The completion of the transaction was contingent mainly on the approval of the competent national and EU authorities. In November 2016 SOCAR withdrew from the tender process.

HRADF decided to terminate this tender and proceed with a new tender. The new privatization program involves again the sale of a 31% equity stake owned by HRADF and a 35% stake owned by Hellenic Petroleum (HELPE). 

The Hellenic Gas Transmission System Operator S.A. (DESFA) was established in 2007, as a 100% subsidiary of DEPA S.A as part of the liberalization of the gas market. DESFA owns, operates, maintains, manages, exploits and develops the National Natural Gas System (NNGS) and the LNG terminal located in Revythoussa island.

Submissions must be received by no later than 17:00 (Greek time) on 24, July.