|Bid||8.40 x 50700|
|Ask||0.00 x 14000|
|Day's Range||8.38 - 8.58|
|52 Week Range||5.15 - 8.80|
|PE Ratio (TTM)||6.73|
|Earnings Date||May 31, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Greece on Wednesday launched an international tender to sell a majority stake in Hellenic Petroleum (HEPr.AT) as part of its third international bailout. Greece's privatisation agency said it will sell no less than 50.1 percent in the country's biggest oil refiner and interested investors must submit expressions of interest by May 18. Major shareholders Greece and Paneuropean Oil and Industrial Holding agreed this month to divest at least 50.1 percent of the company.
Greece launches an international tender to sell a majority stake in Hellenic Petroleum as part of its third international bailout.
If you are a shareholder in Elinoil Hellenic Petroleum Company SA.’s (ATSE:ELIN), or are thinking about investing in the company, knowing how it contributes to the risk and reward profileRead More...
Progress in key privatisations by June will determine whether Greece will meet its bailout target to raise 2 billion euros ($2.45 billion) from state asset sales this year, the head of the country's privatisation agency (HRADF) said on Wednesday. Asset sales have been a key pillar of the country's three international bailouts since 2010 but because sales have been slow proceeds of about 5 billion euros since 2011 are small compared to the initial 50 billion euro target. "The period until June is a quite critical one, which will essentially show whether the 2 billion euro target is feasible," HRADF'S executive chairman Aris Xenofos told Reuters.
Greece and Paneuropean Oil and Industrial Holding agree to divest a combined stake of at least 50.1% in Hellenic Petroleum, Greece's biggest oil refiner, via an international tender.
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.