|2018-10-24 来源： 中国石化新闻网|
Greece expects Hellenic Petroleum bids next month
Greece expects to get final bids for a majority stake in its biggest oil refiner Hellenic Petroleum (HEPr.AT) next month after a key regulatory decision on the process, a source close to the sale said on Thursday.
The country’s privatization agency has shortlisted Anglo-Swiss Glencore Energy (GLEN.L) and Switzerland’s Vitol Holding as potential buyers of a 50.1 percent stake in Hellenic that Greece and Paneuropean Oil and Industrial Holdings are jointly selling.
The sale is part of a privatization plan that Athens and its lenders have agreed under the country’s last bailout which ended in August. The country aims to raise 2 billion euros ($2.30 billion) from the asset sales plan this year and another 3 billion next year.
Paneuropean Oil owns 45.5 percent and the Greek government holds a 35.5 percent stake in Hellenic which has a current market value of 2.1 billion euros, according to Refinitiv’s Eikon data.
Greece and Paneuropean Oil want to maintain a stake of about 15 percent each in Hellenic after the sale.
Under Greek law, an investor who acquires more than a third of a company’s shares needs to make a tender offer for the remaining stake unless the company is being privatized, which is the case with Hellenic.
But the securities regulator’s legal advisers have argued that a mandatory offer will be needed since the stake is being sold jointly by the state and a private investor, the official said.