Greece Shortlists Six Investors in Gas Distribution Network Sale
ATHENS (Reuters) — Greece has shortlisted six investors in the sale of its state-controlled gas distribution network DEPA Infrastructure, the country's privatization agency said on Tuesday.
Investors picked to make binding bids in the next phase of the sale are: a consortium of SINO-CEE Fund and China-based investment holding company Shanghai Dazhong Public Utilities; EP Investment Advisors; First State Investments; Italgas SpA; investment firm KKR and asset manager Macquarie.
Greece and its biggest oil refiner Hellenic Petroleum are jointly selling a 100% stake in the business to help open up the gas sector, part of an agreement between the country and its lenders after it exited its latest bailout in 2018.
"We are optimistic that the privatization of DEPA Infrastructure will be concluded successfully in the fourth quarter of the year," Deputy Energy Minister Gerassimos Thomas said in a statement.
Qualified investors will be given access to data and the opportunity to visit sites before they submit binding bids.
Related News
Related News
- Williams' $1 Billion Gas Pipeline Blocked by U.S. Appeals Court, Derailing Five-State Project
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
- U.S. Buys Nearly 5 Million Barrels of Oil for Emergency Stockpile
- U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
- Exxon Mobil to Start Gas Reserve Seismic Surveys in Greece
- LaPorte, Texas, Issues Shelter in Place After Altivia Plant Leaks Toxic Gas
- Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977
- Mid-Year Global Forecast: Midstream Responding to Demand from LNG Projects
Comments