SOCAR's buying stake in DESFA fails

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# 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. 

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THE OPERATION IS BEING PERFORMED