Hellenic Petroleum

Greece gets nine non-binding bids for stake in gas supplier DEPA Commercial

Greece has received nine non-binding bids for the sale of a 65 percent stake in its dominant gas supplier DEPA Commercial, its privatisation agency said on Monday.

Investors who have expressed an interest in the stake include Shell Gas, Vitol Holding, Power Globe, MET Holding and C.G. Gas Limited of Greece's Copelouzos group, the agency said in a statement.

ELPE adapts to new model of energy

Hellenic Petroleum (ELPE) chief executive Andreas Shiamishis told Kathimerini in an interview that "the transition of the market to the new energy model is now certain and any companies that don't acknowledge that and don't include it in their plans will sooner or later face problems."

Strong interest in
 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.

DEPA Commercial appeals to several candidates

After DEPA Infrastructure, the company that has undertaken the natural gas transmission network, it is now time for the privatization process of DEPA Commercial to start. Sources say that, by Friday, state privatization fund TAIPED will have published an invitation for expressions of interest in the sale of the state's 65 percent stake in the gas trading company.