Announced
Financials
Sources
Tags
oil refining
Majority
Greece
Oil Refining and Marketing
Failed
Public
Friendly
Acquisition
Single Bidder
Synopsis
Glencore, a British–Swiss multinational commodity trading and mining company, offered to acquire Hellenic Petroleum, a Greek petroleum refineries company, for $1.5bn. The offer was lapsed in April 2019. Greece’s privatisation agency said the lack of bids was “due to reasons related to the short-listed parties and recent developments in the international environment that affect the consortia."
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