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On April 18, Greece launched an international tender to sell a majority stake in Hellenic Petroleum as part of
its third international bailout.
International tender for sale of majority stake in Greece's largest refinery
Greece said it would sell no less than 50.
1 percent of
the country's largest refinery.
Interested investors must submit an expression of interest
by May 18.
Greek oil is the third largest refiner in Europe, with a market capitalization of 2.
6 billion euros
.
Euronext owns 45.
5% of PetroGreece and Athens 35.
5
%.
In the tender documents posted on the website, PetroGreece said the sale would be an all-cash transaction
.
The shares to be divested by each major shareholder will be determined at a later stage, at which time shortlisted investors will be invited to submit binding offers
.
Potential bidders need to have at least three years of experience in the oil and gas industry, and in the case of a consortium, at least one member must meet this requirement
.
，
On April 18, Greece launched an international tender to sell a majority stake in Hellenic Petroleum as part of
its third international bailout.
International tender for sale of majority stake in Greece's largest refinery
International tender for sale of majority stake in Greece's largest refineryGreece said it would sell no less than 50.
1 percent of
the country's largest refinery.
Interested investors must submit an expression of interest
by May 18.
Greek oil is the third largest refiner in Europe, with a market capitalization of 2.
6 billion euros
.
Euronext owns 45.
5% of PetroGreece and Athens 35.
5
%.
In the tender documents posted on the website, PetroGreece said the sale would be an all-cash transaction
.
The shares to be divested by each major shareholder will be determined at a later stage, at which time shortlisted investors will be invited to submit binding offers
.
Potential bidders need to have at least three years of experience in the oil and gas industry, and in the case of a consortium, at least one member must meet this requirement
.
，
