Greece receives 9 bids for DEPA Commercial privatization
The Government of Greece has received nine bids for the sale of about 65% stake in the dominant gas supplier DEPA Commercial owned by the Hellenic Republic Asset Development Fund (HRADF) and Hellenic Petroleum.
The companies that have extended interests in the stake include Shell Gas, Vitol Holding, Power Globe, MET Holding, the Copelouzos Group's unit C.G. Gas Limited of Greece, the joint venture of Hellenic Petroleum and Edison, and a joint venture of Motor Oil and Public Power Corp, Mytilineos and GEK Terna.
Hellenic Petroleum will hold the remaining 35% interest in the company.
DEPA S.A. is a group of companies with a presence in the energy sector, actively engaged in the wholesale market, trading, supply and distribution of gas.
Country news
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February 20, 2020
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