Bank Of Baku

SOCAR’s stake in DESFA may reduce to 41%

SOCAR’s stake in DESFA may reduce to 41%
# 14 April 2016 09:00 (UTC +04:00)

The Greek media have already reported that SOCAR will be able to keep for itself no more than 41% of the shares after all potential buyers (Fluxys, ENAGAS, Snam) for a 17% stake, set for sale by SOCAR under European Commission’s pressure, declined from the deal.

 

"Now, SOCAR is considering a possibility of selling a 25% stake in DESFA. In this case, the stakes of SOCAR and the Greek government will be 41% and 34% respectively," the Greek media stated.

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THE OPERATION IS BEING PERFORMED