Consortia formation for the sale of a 50.1% stake in Hellenic Petroleum SA

In the context of the Second Phase of the tender process for the sale of a 50.1% stake in Hellenic Petroleum SA, the Board of Directors of the Hellenic Republic Asset Development Fund (HRADF), during today’s meeting, approved the consortia formation by the qualified investors as follows (in alphabetical order):

a. A consortium between Glencore Energy UK LTD and “CIEP Participations S.a. r.l. SICAR” of the Carlyle Group and

b. A consortium between Vitol Holding BV and “Société Nationale pour la Recherche, à la Production, Transport, Transformation et Commercialization des Hydrocarbures” (Sonatrach).

Companies’ profiles

The Carlyle Group, founded in 1987 in Washington, DC, is a global alternative asset manager, listed in Nasdaq, with $212 billion of assets under management across 339 investment vehicles, Carlyle has grown into one of the world’s largest and most successful investment firms, with more than 1,625 professionals operating in 31 offices in North America, South America, Europe, the Middle East, Africa, Asia and Australia.

CIEP was launched in 2013 and with $2.5 billion raised, seeks investment opportunities in oil and gas outside North America, notably in Europe, Africa, Latin America and Asia. The primary investment focus is on oil and gas exploration and production (E&P), mid- & downstream, refining and marketing (R&M) and oil field services (OFS).

Sonatrach (Société Nationale pour la Recherche, la Production, le Transport, la Transformation, et la Commercialisation des Hydrocarbures s.p.a.) is an Algerian government-owned company formed to exploit the hydrocarbon resources of the country. Its diversified activities cover all aspects of Oil & Gas industry chain. Upstream (E&P), Midstream (Transport) and Downstream (Marketing, Refining and Petchems).