Greece’s competition committee on Thursday announced its approval of a transaction transferring Russian energy giant Gazprom’s 50-pecent stake in Greece-based Prometheus Gas to the Copelouzos Group, which holds the other half.
Gazprom, through its subsidiary, Gazprom Export, had partnered with Prometheus Gas for more than three decades.
Sources close to the Copelouzos group had previously cited “operational reasons” for the agreement to buy-out Gazprom’s stake, in comments to ot.gr.
Markets analysts late last month said an end of the partnership was already in the works, even before the Russian invasion of Ukraine in February 2022, with the Copelouzos Group steadily reducing its investment “footprint” in Russia over recent years.
Sources who spoke to ot.gr said the Russian invasion of Ukraine merely accelerated the corporate “divorce”.
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