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Sale of 10% of ELPE within the next 24 hours | TheGreekDeal.com
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Sale of 10% of ELPE within the next 24 hours
Within the week, potential investors are expected to offer a total stake of approximately 10% of Hellenic Petroleum through an accelerated book building process.
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Hellenic Petroleum

Today, potential investors, sourced by Goldman Sachs and JP Morgan, will gain access to undisclosed data of the Hellenic Petroleum.

The said investment banks act as advisors to TAIPED and the Latsis Group, respectively. Within the week, they are expected to offer a total stake of approximately 10% (4% and 6%, respectively) through an accelerated book building process.

The proceeds from the transaction, based on the market capitalization of the Hellenic Petroleum on the Athens Stock Exchange yesterday, are expected to range between 220 and 230 million euros.

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