Privatizations: Greece; TAIPED to open offer for DESFA today

12 June, 13:02

    (ANSAmed) – ATHENS, JUNE 12 - Still smarting from the failure of the tender for Public Gas Corporation (DEPA) and preparing for a new proclamation, Greek state privatization fund TAIPED will on Wednesday open the sole binding offer for gas transmission network operator DESFA from Azeri company Socar, in the hope that this will reverse the negative climate created by the absence of Russian suitor Gazprom from the DEPA process. The fund – as daily Kathimerini reports - will also open the valuation studies of two independent companies, on which the assessment of the Socar offer for DESFA will be based. Sources say, however, that the Azeris have offered 430 million euros for a 66% stake in the gas network operator, which is broken down into 31% owned by the state 35% by Hellenic Petroleum. TAIPED officials are expected to start contacting foreign companies to test the waters ahead of a new tender for DEPA, while a well-informed source from Gazprom said yesterday that it is quite likely the Russian energy giant will make a bid for DEPA once a new tender is launched. Prime Minister Antonis Samaras expressed on Tuesday the certainty that the new tender will bear fruit, adding that the problems that emerged "were beyond us." (ANSAmed).

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