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Greece's privatization agency, the Hellenic Republic Asset Development Fund (HRADF), on Thursday announced that it has received two binding offers for the 100 percent acquisition DEPA Infrastructure SA, in a joint sell-off with Hellenic Petroleum (Hel.Pe) group.
Binding offers were submitted by:
- EP Investment Advisors, and
- - ITALGAS SpA
Italy's Italgas is still very interested in Greek gas distribution network DEPA and is waiting for Athens to publish a short list, the group's CEO Paolo Gallo said on Wednesday.
In February Greece's privatization agency said it had received nine expressions of interest for the sale of DEPA Infrastructure.
State sell-off fund TAIPED has recorded strong investor interest in the concession of DEPA Infrastructure, the Public Gas Corporation offshoot that includes only the utility's infrastructure and of which 65 percent belongs to the state and 35 percent to Hellenic Petroleum.
The fund expects at least seven to eight bidders in the first stage of the tender.
Italy's biggest natural gas distribution company, Italgas, is on the verge of entering the Greek market.
Kathimerini understands that Europe's third largest gas distributor is very close to reaching an agreement with fellow Italian Eni Gas e Luce for the acquisition of the latter's portfolio in the Greek gas grid.