Greece Approves Two Consortia for Hellenic Petroleum Bids

Greece on Monday approved two consortia to submit final bids for a 50.1 percent stake in its biggest oil refiner Hellenic Petroleum, its privatisations agency said.

The consortia are: Glencore Energy with a unit of U.S.-based Carlyle Group; and Vitol Holding with Algeria-based Sonatrach.

Glencore and Vitol had already been shortlisted last summer.

(Reuters, Reporting by Angeliki Koutantou Editing by Karolina Tagaris)