Italgas

DEPA acquisition boosts Q1 results of Italgas

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.

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.