National Bank of Greece provides financing to a consortium's stake acquisition in DEFSA

National Bank of Greece has provided a 10 year non-recourse acquisition financing to a consortium comprising Snam, Enagás and Fluxys to fund approximately 65% of the consideration for its acquisition, through Senfluga Energy Infrastructure Holdings, of a 66% stake in the Hellenic Gas Transmission System Operator S.A. (DESFA) for EUR535 million (US$39.6 million). Senfluga completed the acquisition of its shares in DESFA on 20 December 2018.

Watson Farley & Williams has advised National Bank of Greece on the financing.