The agreement for the sale of DEPA Infrastructure was signed today between the Hellenic Republic Asset Development Fund (HRADF), a member of the HCAP Group, the Hellenic Petroleum S.A. (HELPE), and Italgas SpA for a total consideration of €733 million.
The Sale & Purchase Agreement (SPA) was signed by the CEO of HRADF, Mr. Dimitris Politis, the General Manager of Strategic Planning and Group Development of HELPE, Mr. George Alexopoulos, the Group General Counsel of HELPE, Mr. John Apsouris, the CEO of Italgas SpA, Mr. Paolo Gallo and the CEO of Italgas NewCo SRL, Mr. Pier Lorenzo Dell’Orco.
The signing took place in the presence of the Minister of Finance, Mr. Christos Staikouras, the Minister of Development & Investments, Mr. Adonis Georgiadis, the Minister of Environment & Energy, Mr. Kostas Skrekas, the Ambassador of Italy, Mrs. Patrizia Falcinelli, the CEO of HCAP, Mr. Gregory D. Dimitriadis, the Managing Director of HELPE, Mr. Andreas Siamishis, the Chairman of Italgas, Mr. Alberto Dell’acqua, the Executive Director of HRADF, Mr. Panagiotis Stampoulidis, the Chairman of DEPA Infrastructure, Mr. Charitonas Kyriazis and the CEO of the company, Mr. Michail Hatzis.
DEPA Infrastructure was established in April 2020 following the partial demerger of Public Gas Corporation (DEPA)’s gas distribution branch. DEPA Infrastructure’s mission is to develop natural gas networks across Greece through its subsidiaries, i.e., EDA Attikis SA, EDA Thessalonikis – Thessalias SA, and DEDA SA, and safeguard natural gas supply.
Mr. Politis, Chief Executive Officer of HRADF, expressed his satisfaction with completing the agreement within about three months from the declaration of Italgas as the Preferred Investor and pointed out that “the Fund focuses on uplifting the state assets under its stewardship and creating added value by their development. The agreement for DEPA Infrastructure that we signed today serves this philosophy, and we expect to see the company growing dynamically under the roof of its new shareholder”.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.
Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.
WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year
IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock
First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region
Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)
Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.
Alter Ego Ventures Invests in Pioneering Gaming Company ‘Couch Heroes’
Alter Ego Ventures' participation in the share capital of Couch Heroes marks yet another investment by the Alter Ego Media Group in innovative companies with a focus on technology.
Corruption Still Plagues Greece’s Driving Tests
While traffic accidents continue to claim lives on Greek roads daily, irregularities and under-the-table dealings in the training and testing of new drivers remain disturbingly widespread
Pope Francis Died of Stroke and Heart Failure Vatican Confirms
As news of the official cause of death spread, tributes poured in from across the globe. The 1.4 billion-member Catholic Church is united in grief, remembering a pope who championed inclusion, justice, and compassion
