SOCAR's buying stake in DESFA fails

# 13:57
2 May 2017

The framework agreement signed between Greek government and creditors envisages sale of DESFA’s 66% share to only European countries, APA-Economics reports citing to RIA Novosti.


The framework agreement considers preparation of road map on liberalization of gas market till September. According to the decision, DESFA’s 66% share will be privatized. The agreement includes two conditions: 1) potential investor should be an European company; 2) after privatization, DESFA should operate on the basis of full private distribution model.


The process is expected to end by the end of this year.