DEPA

EU Says No Role In DEPA Bid

The European Commission didn't play a role in the process that saw Russian giant OAO Gazprom withdraw its bid for Greece's natural-gas monopoly DEPA, a European Union spokesman said on June 11, amid speculation that the United States was...

No Interest, Greece Starts DEPA Bid Anew

After failing to get a single bidder for its natural gas company DEPA as part of a lagging privatization effort, Greece is going to relaunch the tender process again in hopes someone will have some interest, Deputy Energy Minister...

Greek Market Ends Down

Athens Stock Exchange ends 4.7% lower on Monday, weighed down by the news the Greek government has failed to get any bids for the sale of gas company Depa and only a single bid for Desfa. These two companies were...

Russia's Sintez Not To Bid For Greece's DEPA, May Bid For DESFA

Russia's Sintez Group will not bid for Greek gas company DEPA, but may bid for its gas-network operator, DESFA, Sintez said Monday. Sintez was one of two Russian companies, alongside state gas giant OAO Gazprom (GAZP.RS) that showed initial interest...

Samaras Says Foreign Investors Saviors

Days after returning from a trip to China to woo business, Greek Prime Minister Antonis Samaras said the way out of the country's crushing economic crisis is for foreign companies to invest in the country, which means overcoming its...

Sale Of DEPA Gas Unit Postponed

With the sale of its stake in the gambling monopoly OPAP to a Greek-Czech group done, Greece is turning its attention to selling off the the Public Gas Corporation DEPA and gas network operator DESFA, but the process has...

Sweet Deal For OPAP: $937.8M

Greece has sold its 33 percent stake in the gambling monopoly OPAP to a Czech-Greek consortium, Emma Delta, in a deal that will bring in 712 million euros ($937.8 million) some 30 million euros ($39.4 million) higher than...

Greece Pins Hopes On Gas, Betting

With Greece's privatization plans lagging - and set back again when the head of the agency overseeing it stepped aside in a burgeoning scandal involving the nation's electric company - the government is hoping that bids for its money-making...

Gazprom, Greece Talk Gas Sale

With international lenders pressing for Greece to speed the pace of privatizations, Prime Minister Antonis Samaras met with the head of Russia's Gazprom, Alexei Miller, on March 12 to discuss the planned sale of Greece's national gas distributor DEPA,...

Hollande Heads for Athens for Deals

French President Francois Hollande, the Socialist leader who opposed austerity in his country but backed it for Greece, is due in Athens on Feb. 19 to show support for Conservative Prime Minister Antonis Samaras’ implementing more pay cuts, tax...