The deadline for reviewing the deal on purchasing 66% of the shares in Greece's DESFA gas transmission system operator by the State Oil Company of Azerbaijan (SOCAR) has been suspended.
Earlier, the time of reviewing the deal was postponed until April 22, 2015. Previously, it was assumed to take place before March 23, Trend reports.
For the first time, information on launching an in-depth investigation by the European Commission came to the press's attention in early November 2014.
The European Commission suspects that, in the case of a successful conclusion of the transaction, competition on the gas market in Greece will be significantly reduced.
Deadline for reviewing SOCAR’s DESFA deal suspendedThe deadline for reviewing the deal on purchasing 66% of the shares in Greece's DESFA gas transmission system operator by the State Oil Company of Azerbaijan (SOCAR) has been suspended. Earlier, the time of reviewing the deal was postponed until April 22, 2015. Previously, it was assumed to take place before March 23, Trend reports. For the first time, information on launching an in-depth investigation by the European Commission came to the press's attention in early November 2014.The European Commission suspects that, in the case of a successful conclusion of the transaction, competition on the gas market in Greece will be significantly reduced.The deadline for reviewing the deal on purchasing 66% of the shares in Greece's DESFA gas transmission system operator by the State Oil Company of Azerbaijan (SOCAR) has been suspended. Earlier, the time of reviewing the deal was postponed until April 22, 2015. Previously, it was assumed to take place before March 23, Trend reports. For the first time, information on launching an in-depth investigation by the European Commission came to the press's attention in early November 2014.The European Commission suspects that, in the case of a successful conclusion of the transaction, competition on the gas market in Greece will be significantly reduced.
