Transfer of the 66% of DESFA’ shares to SENFLUGA Energy Infrastructure Holdings S.A., completed

The successful completion of another important milestone of the Hellenic Republic’s program for the development of assets by HRADF marks the transfer of 66% stake (31% owned by HRADF and 35% owned by HELPE) to SENFLUGA Energy Infrastructure Holdings S.A. for a total amount of €535 million.

The business substance of DESFA’s new shareholder, comprising of the European energy companies Snam S.p.A., Enagás Internacional S.L.U. και Fluxys S.A., certifies the attractiveness of the Greek market, highlights the investment prospects of Greece and makes the country as a natural gas hub in Europe.

With respect to the above, the Executive Chairman of HRADF, Mr. Aris Xenofos, stated:

“An extremely successful tender process, which attracted considerable investment interest, was completed today. The new era that starts for DESFA strengths also the role and the position of our country as an energy hub for the EU but and the wider geographical region.

We have confidence in DESFA’s new shareholders and the development plans they will deliver, transferring their international experience and know-how to the company. We are here support them as the case may be”.

The CEO of HRADF, Mr Riccardo Lambiris commented: “We are really pleased with the completion of such a significant investment that will benefit DESFA significantly, its people and our country.

Allow me to congratulate the teams of the Fund, Hellenic Petroleum, the Ministries of Energy and Finance, DESFA, DEPA, our advisors and anyone else who has helped in completing an especially demanding project. I would like to wish the SENFLUGA consortium every success reiterating the Fund’s commitment to help and assist where appropriate in the prosperity of DESFA”.