By Harry Floudopoulos
The intention of the HRDH administration is to “run” at a faster pace and to complete the pending privatization tenders.
In this context, according to information, the Fund puts in the foreground three privatizations, which are either in the final stages or in the stage of completion. The first of these tenders concerns the concession of the underground natural gas storage of N. Kavala.
The Board of HRDH held on Thursday, it was decided according to information to thaw the competition, with the issuance of the necessary texts for the final phase of the competition. It is noted that a number of regulatory decisions by the Energy Regulatory Authority are still pending, however the HRDH seeks to take advantage of the momentum created by the energy crisis and the need to create new storage facilities for natural gas. It is worth noting that in the tender in which the consortium DESFA GEK TERNA and Energean participate, the VDR has not been opened yet.
The second tender concerns the sale of DEPA Infrastructure, where the purchase contract (SPA) is expected to be signed with the Italian Italgas by the end of the month. It is recalled that the contract was sent on October 26 to the Court of Auditors, which approved it two weeks later. After the signing of the SPA, the financial closure of the transaction is expected at the beginning of 2022, as the bidder, ie Italgas, must be certified by the Energy Regulatory Authority and receive the necessary approvals from the Competition Commission.
Finally, the third privatization, which is attempted to close immediately, is the sale of LARCO, which is in progress. Specifically, the HRDH is making efforts to submit binding offers by the end of November, beginning of December.
In the tender in the phase of non-binding interest from the six investors who had given the present, 3 continue to maintain interest, namely the companies Mytilineos, GEK TERNA in a joint venture with AD Holdings and Commodity & Mining Insight UK. Trafigura Group, Solway Investment and Tharisa have withdrawn from the tender.
.
Source From: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
