HELLENIC PETROLEUM announces that the Share Purchase Agreement for the sale of 66% of DESFA share capital (35% HELENIC PETROLEUM – 31% HELLENIC REPUBLIC ASSET DEVELOPMENT FUND) to SOCAR, for €400m, has been signed today, 21 December 2013. HELLENIC PETROLEUM share of the consideration for its 35% interest in DESFA amounts to €212m.
The transaction is subject to regulatory approvals from competent Authorities in Greece and the EU.