SOCAR announced reasons of delay in purchase of a stake in DESFA
Edited by Rhod Mackenzie / 2015-03-19 05:00:18
The reasons of the delay in the purchase of 66% in DESFA (gas operator of Greece) are bureaucratic procedures in Europe, President of SOCAR, R. Abdullaev said.
He said that a large team of SOCAR’s employees keeps working on this project.
In the winter 2013 SOCAR won a tender for the purchase of 66% of shares of DESFA for 400 mln euro. The rest part of shares will belong to Greece.
In the autumn 2014 the EU Commission started the investigation upon meeting the EU standard in the deal on the purchase of a stake in DESFA.
