Greece
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DEPA

Russia's Sintez Bids for Greek Gas DEPA

Moving to speed the pace of privatizations as demanded by international lenders, Greece has received a high bid for its state-run gas company DEPA of up to 1.9 billion euros ($2.5 billion) from Russian energy firm Sintez Group, the...

OPAP Stake Sale Drives Up Value

The value of Greece's gambling agency, OPAP, has shot up fast in the wake of accelerated privatization plans that foresee the sale of the government's plan to sell a 33 percent stake. That came as Greece's international lenders are...

Stournaras Fears Unrest Could Undo Reforms

With international aid beginning to pour in gradually, Greek Finance Minister Yiannis Stournaras said he’s worried that growing political and social unrest could undermine Greece’s slow recovery and even lead to bankruptcy unless the government resists. In an interview with...

Sale of Gas Firms to Fetch Around 1 bln

The privatization project concerning Greece's Public Gas Corporation (DEPA) and DESFA, the country's gas network operator, has drawn major interest and is likely to fetch around 1 billion euros, or even more, judging by the nonbinding offers submitted to...

Samaras to Visit Qatar Next Week to Discuss Investment

Greek Prime Minister Antonis Samaras will visit the wealthy Gulf state of Qatar next week to discuss investment opportunities inside Greece, a Greek embassy spokesman in Doha said on Tuesday. According to Reuters, Samaras will meet with Qatar΄s emir and...

Gazprom Says Greece Out of South Stream

Russian energy giant Gazprom has announced that Greece has been removed from construction plans for the South Stream pipeline that is expected to start pumping gas to Western Europe in 2015. Senior Gazprom officials told a press conference in Moscow...

Gazprom Among Nonbinding Bidders for Greece΄s DEPA/Desfa

Greece΄s privatization agency said Tuesday that five companies or consortiums have made nonbinding offers for Greek state-owned natural gas company DEPA/Desfa, which is being sold as part of the country΄s privatization program, Dow Jones reported. The privatization agency, the Hellenic...

Greece Prepares Second Wave of Privatizations

Greece plans to launch tenders to sell or lease a string of state assets, including its biggest refiner and two largest ports, as it battles to pay down debt and meet the terms of an international bailout. The deals will...

The Selling of Greece Set to Begin – Islands First

After much prodding from international lenders to push the pace of privatization to raise critical cash, Greece’s Hellenic Republic Asset Development Fund (HRADF) has produced a list of 40 uninhabited islands and islets that could be leased for as...

Greek Electric, Gas Utilities Ask Banks for a Bailout Too

ATHENS – Short on cash and unable to pay its providers, Greece’s state-owned gas provider DEPA, supplied primarily by Russia’s Gazprom, has asked domestic banks for a loan needed to keep the power running, including to the country’s electricity...