HELLENIC PETROLEUM (HELPE) is one of the leading energy groups in South Eastern Europe, with activities spanning across the energy value chain, presence in 6 countries and significant export activity with its exports representing more than 50% of its sales. HELPE shares are primarily listed on the Athens Stock Exchange with a secondary listing on the London Stock exchange, while its two bond issues are listed on the Luxemburg Stock Exchange.
HRADF holds 35,5% of HELPE shares and Paneuropean Oil and Industrial Holdings S.A. 45,5%, with the remaining held by institutional (11%) and private (8%) investors.
Refining is the Group’s core business. HELPE owns three of the four refineries in Greece, with a 65% share of the Greek wholesale oil products market. HELPE is also the sole petrochemicals producer in Greece with exports accounting for more than 60% of sales and the domestic market share exceeding 50%.
The Group is the domestic ground fuels marketing leader, with a retail network of c.1,700 service stations throughout Greece as well as LPG, industrial, aviation and marine fuels and lubricants businesses.
HELPE is a leading player in South Eastern European markets. The Group owns a network of 300 service stations in FYROM, Cyprus, Serbia, Bulgaria and Montenegro.
The Group’s portfolio includes Exploration and Production (E&P) rights in Greece. The Group is acting as an operator with a 50% stake in a JV in the offshore area of West Gulf of Patras in Western Greece, with a 25% in a JV in in the Sea of Thrace Concession and with 25% in “Block 2”, as well as operator (100%) for two onshore blocks in Western Greece “Arta- Preveza” and “NW Peloponnese”. Furthermore, the Group has also been declared as the Selected Applicant for “Block 10”, in the Kyparissiakos Gulf and has submitted offers for the offshore “Block 1” North of Corfu, and for two offshore blocks in an area South and South West of Crete and an offshore block in Ionian Sea.
The Group is also active in the power and gas sectors. Power generation and trading activities are carried out through ELPEDISON, a JV with EDISON, which owns and operates two CCGT plants in Greece, in Thessaloniki and in Thisvi, with a combined capacity of 810 MW. Moreover, the Group is active in renewable energy sources with a portfolio of 17 MW in operation and over 200MW in various development stages.
The Group is present in the natural gas sector through its 35% stake in the Public Gas Corporation (DEPA), Greece’s main natural gas importer and wholesale supplier. DEPA fully owns DESFA, Greece’s National Natural Gas System owner and operator, and 51% of each of the local gas supply and distribution companies (EPAs and EDAs).
For more information please visit Hellenic Petroleum website: http://www.helpe.gr.
Goldman Sachs International and NBG Securities are acting jointly as Financial Advisor, and Bracewell (UK) LLP and KLC Law Firm are acting as Legal Advisors to HRADF.