Hellenic Petroleum SA (HELPE)

HELPE is the leading oil refiner and distributor in Greece and a significant player in Southeast Europe.It operates three refineries in southern and northern Greece which cover approximately 70% of the country’s refining capacity and a refinery in FYROM.

Apart from ex-refinery sales to retail companies HELPE is also active in fuel retail in Greece where it holds a c28% market share and abroad in Cyprus, FYROM, Bulgaria, Serbia, Montenegro and Albania. Additionally HELPE holds stakes in the incumbent natural gas distributor and a joint venture in power generation and operates Greece’s sole petrochemicals plant.

The HR holds 35.5% of HELPE, which is listed in the Athens Stock Exchange and has appointed UBS and Nomura to assist in the divestment of its stake.

For more information you can visit Hellenic Petroleum website at http://www.hellenic-petroleum.gr