|Bid||0.00 x 0|
|Ask||7.28 x 11200|
|Day's Range||7.12 - 7.28|
|52 Week Range||4.05 - 8.40|
|PE Ratio (TTM)||5.35|
|Earnings Date||Feb 22, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Greece expects potential investors will offer at least 400 million euros ($456 million) for a majority stake in its gas grid operator DESFA, Energy Minister George Stathakis said in an interview with Naftemporiki newspaper. Greece, under pressure by EU lenders to conclude the sale as it has earmarked about 180 million euros of the proceeds in this year's budget, relaunched the tender in June after a 400 million euro deal with Azerbaijan state oil company SOCAR fell through over gas tariffs among other issues. Greece's privatisation agency HRADF owns 65 percent of DESFA and the country's biggest oil refiner Hellenic Petroleum the rest.
Greece aims to raise a total of 6 billion euros ($6.83 billion)from privatisations by 2018, the head of its privatisations agency (HRADF) said on Thursday, making up for a revenue shortfall last year and hoping to overperform its latest bailout target. Privatisations have been a major part of Greece's three international bailouts since 2010, but political resistance and red tape have hurt revenues. Athens has raised just 4.4 billion euros so far and has repeatedly revised targets downwards.
Greece's energy minister held talks on Friday with representatives of U.S. oil major ExxonMobil and France's Total about gas exploration opportunities off Greek shores, the energy ministry said. A government official, speaking on condition of anonymity, said a consortium of ExxonMobil, Total and Greece's biggest oil refiner Hellenic Petroleum are expected to submit an offer "in the coming period" for exploration south of Crete. Friday's meeting focused on "prospects for exploration and exploitation of hydrocarbon deposits," the energy ministry said in a statement.