Greece launched an international tender on Wednesday (18 April) to sell a majority stake in its biggest oil refiner, Hellenic Petroleum, as agreed under its third international bailout.

Hellenic Petroleum have announced that its subsidiary Hellenic Petroleum Finance Plc raised 79 million euros from a new note issue.

Hellenic Petroleum (ELPE) is open to collaborations with PPC that will facilitate the deregulation of electricity market and at the same time will allow the company to offset losses suffered from the reduction of market share.