Greece's DEPA to sell stake in gas supplier to Eni
ATHENS, May 16 (Reuters) - Greece's biggest gas company DEPA
said on Wednesday it had agreed to sell its holding in a local
gas supplier to Italy's Eni for 57 million euros ($67
Under the agreement, state-controlled DEPA will sell its 51
percent stake in Thessaloniki-Thessaly Gas. Eni already holds a
49 percent stake in that company.
Under a bailout-sanctioned scheme to unbundle gas supply
from distribution and boost competition in the industry, Greece
needs to eliminate potential conflicts of interest between DEPA
and domestic gas suppliers.
DEPA will stay in the broader Athens region but will pull
out of the rest of Greece.
DEPA is also in talks to buy out Shell's 49 percent
stake in another gas supplier, Attiki Gas Supply Company, and a
gas distributor in Athens and become the sole stakeholder in the
two companies, sources close to the matter told Reuters.
One of the sources said the deal could be worth about 150
DEPA, 65 percent owned by the Greek state, imports gas
mainly from Russia and supplies power producers, big industries
and households across Greece.
It has teamed up with foreign firms on the construction of
gas interconnectors with Bulgaria and Italy.
($1 = 0.8470 euros)
(Reporting by Angeliki Koutantou; Editing by Karolina Tagaris
and Mark Potter)
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