Italgas

Enaon EDA, of the Italgas group, is planning for the expansion of the natural gas network to the Greek islands up to 2028.

This move has provoked the reaction of the Energy Ministry, whose goals provide for the reduction of gas in the energy mix.

This week Italgas officially presented the new identity of the group's Greek companies, which are now called Enaon (parent company) and Enaon Eda (subsidiary company).

Italgas, Italy's biggest gas distributor, unveiled plans on Thursday to invest 7.8 billion euros in its business by 2029, but its shares slipped as some analysts were unimpressed by earnings projections and dividend plans.

Italy's biggest gas distributor Italgas said on Thursday its core profit rose 19% to 297 million euros in the first quarter, lifted by both a newly acquired Greek business and its energy efficiency services.

Total revenues were up 36% year-on-year to 480 million euros, with sales from Greece accounting for nearly 10% of the total.

In record time, the tender for the sale of DEPA Infrastructure by the Hellenic Republic Asset Development Fund (HRADF) to Italgas is completed.

Inflation in Greece August to August stands at 1.4%. It is not big. We are fourth in Europe. It is a reasonable inflation current. This was stressed by the Minister of Development, Adonis Georgiadis, speaking at the stand of the Financial Post at the Thessaloniki International Fair.

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

Interview to George Kanellopoulos

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.