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Unsealing of the improved financial offers for DESFA

HRADF’s Board of Directors, in co-operation with Hellenic Petroleum S.A. (HELPE), unsealed today the improved financial offers submitted by the following two investment schemes:

- the Consortium composed of Snam S.p.A., Enagás Internacional S.L.U. and Fluxys S.A.

- the Consortium composed of Regasificadora del Noroeste S.A., Reganosa Asset Investments S.L.U., S.N.T.G.N. Transgaz S.A. and European Bank for Reconstruction and Development (EBRD),

for the acquisition of 66% (31% stake owned by HRADF and 35% stake owned by HELPE) of the share capital of the Hellenic Gas Transmission System Operator S.A. (DESFA).

According to the terms of the tender process, it was requested from the Consortium of Snam S.p.A., Enagás Internacional S.L.U. and Fluxys S.A., which submitted the higher improved offer, to submit a further improved offer, which will be assessed at a subsequent meeting of HRADF’s Board of Directors and by the appropriate corporate bodies of HELPE.