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Friday, June 21, 2013

SOCAR Agrees to Acquire Greek Gas Operator

The State Oil Company of Azerbaijan (SOCAR) announced on Friday that it has reached a principal agreement with Hellenic Republic Assets Development Fund (HRADF/TAIPED) to acquire a 66 percent stake in Greece natural gas transmission system operator – DESFA. Both SOCAR and HRADF advisory teams are currently working on the final technical matters of the deal, SOCAR’s report said. ...

READ THE ORIGINAL POST AT www.greekherald.com