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DESFA

International Media Say Greece TAP Winner

The signing of an agreement that will bring the Trans-Adriatic Pipeline (TAP) through Greece, inked by Greek Finance Minister Yannis Stournaras and Minister of Environment, Energy and Climate Change, Makis Papageorgiou, and by TAP’s Managing Director, Kjetil Tungland, brought...

SOCAR Agrees to Acquire Greek Gas Operator

The State Oil Company of Azerbaijan (SOCAR) announced on Friday that it has reached a principal agreement with Hellenic Republic Assets Development Fund (HRADF/TAIPED) to acquire a 66 percent stake in Greece natural gas transmission system operator - DESFA. Both...

SOCAR Ups Bid For DESFA

With Greece's privatization program staggered by the failure to get even a single offer for the natural gas company DEPA, the lone bidder for the distribution branch, DESFA - Azerbaijian's state energy company SOCAR is said to hiked its...

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...