Greece extends deadline for expressions of interest in gas grid
ATHENS (Reuters) — Greece's privatization agency HRADF said on Monday it had extended the deadline for submission of expressions of interest in natural gas grid operator DESFA to Aug. 7.
Greece is seeking a buyer for a 66% stake in the grid under a privatization scheme it has agreed with international lenders.
Monday had been the deadline.
HRADF said its board decided to postpone the deadline after a request by a potential investor.
Greek authorities relaunched the privatization process for DESFA after a deal with Azerbaijan's SOCAR fell through in 2016.
That deal collapsed after Athens passed legislation raising DESFA's gas tariffs by a lower amount than SOCAR had expected.
The agency is selling its 31% stake in DESFA and Greece's biggest oil refiner, Hellenic Petroleum, is divesting the rest.
Reporting by Michele Kambas; editing by Jason Neely
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