The Hellenic Republic Asset Development Fund (HRADF) is set to launch the sale of a 35.5% stake in the Greek oil company Hellenic Petroleum.

Hellenic Petroleum, established in 1998, is one of the largest energy companies in southeast Europe. It is involved in the supply, refining, and trading of petroleum products, fuels marketing, petrochemicals production, and trading and oil and gas exploration and production. 

Currently, Hellenic Petroleum has assets with a combined worth of EUR7.30 billion (US$8.08 billion).

HRADF is yet to make the final decision for the planned sale.