HELPE is the leading oil refiner and distributor in Greece and a significant player in the Southeast European market. It operates three refineries in southern and northern Greece which cover approximately 70% of the country’s refining capacity, and a refinery in FYROM.
Apart from ex-refinery sales to retail companies HELPE is also active in fuel retailing in Greece where it holds a c28% market share and abroad in Cyprus, FYROM, Bulgaria, Serbia, Montenegro and Albania. Additionally, HELPE holds stakes in the incumbent natural gas distributor and a joint venture in power generation, and operates Greece’s sole petrochemicals plant.
The Hellenic Republic holds 35.5% of HELPE, which is listed in the Athens Stock Exchange and has appointed UBS and Nomura as financial advisor and KGDI Law firm and Baker & McKenzie as legal advisors to assist with the privatisation
For more information you can visit Hellenic Petroleum website at http://www.hellenic-petroleum.gr
