Greece Approves Two Consortia for Hellenic Petroleum Bids
Greece on Monday approved two consortia to submit final bids for a 50.1 percent stake in its biggest oil refiner Hellenic Petroleum, its privatisations agency said.
The consortia are: Glencore Energy with a unit of U.S.-based Carlyle Group; and Vitol Holding with Algeria-based Sonatrach.
Glencore and Vitol had already been shortlisted last summer.
(Reuters, Reporting by Angeliki Koutantou Editing by Karolina Tagaris)
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Mergers & Acquisitions
Shale Oil & Gas
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