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HELLENIC PETROLEUM S.A. (the Company), announces that following its 20 March 2018 regulatory announcement, as well as a notification received by its main shareholders i.e. PANEUROPEAN OIL & INDUSTRIAL HOLDINGS S.A. (POIH) and the Hellenic Republic Asset Development Fund A.E. (HRADF), HRADF and POIH have signed on 3 April 2018 a Memorandum of Understanding for the joint sale of at least 50,1% of the share capital of the Company, through an open international competitive process.
It is noted that, out of the aforementioned minimum share, 20% corresponds to the participation of HRADF to the share capital of the Company, while 30,1% corresponds to the participation of POIH.
It is also mentioned that the relevant invitation for indication of interest from potential investors will be available on the website of HRADF (www.hradf.com).