Greece's biggest refiner Hellenic Petroleum (HEPr.AT) was included in the country's privatisation plan, according to an EU/IMF report obtained by Reuters late on Wednesday.
Greece will sell its 35.5 percent stake in Hellenic in the first quarter of 2012, according to a provisional list of privatisation assets attached to the report.
Hellenic Petroleum has a market capitalisation of 2.06 billion euros ($3 billion). It is listed on the Athens Stock Exchange. The company runs refineries in Greece and Macedonia and petrol stations across southeast Europe and in Cyprus.
Hellenic's biggest single shareholder is POIH Investment Ltd, with a 41 percent stake. The company had hitherto not been included in Greece's privatisation plans, which are to raise 50 billion euros by 2015 to pay down debt.
According to the list in the EU/IMF report, Greece would also sell separately a 55 percent stake in natural gas company DEPA and a 31 percent stake in the country's natural gas grid operator DESFA. Both sales are scheduled for the last quarter of this year.
Reuters
