Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

UPDATE 1-Greece shortlists six investors in gas distribution network sale

Published 03/06/2020, 01:52 am
Updated 03/06/2020, 01:54 am
© Reuters.

(Adds minister's quote, background)

ATHENS, June 2 (Reuters) - Greece has shortlisted six investors in the sale of its state-controlled gas distribution network DEPA Infrastructure, the country's privatisation agency said on Tuesday.

Investors picked to make binding bids in the next phase of the sale are: a consortium of SINO-CEE Fund and China-based investment holding company Shanghai Dazhong Public Utilities 600635.SS ; EP Investment Advisors; First State Investments; Italgas SpA IG.MI ; investment firm KKR and asset manager Macquarie.

Greece and its biggest oil refiner Hellenic Petroleum HEPr.AT are jointly selling a 100% stake in the business to help open up the gas sector, part of an agreement between the country and its lenders after it exited its latest bailout in 2018.

"We are optimistic that the privatisation of DEPA Infrastructure will be concluded successfully in the fourth quarter of the year," Deputy Energy Minister Gerassimos Thomas said in a statement.

Qualified investors will be given access to data and the opportunity to visit sites before they submit binding bids.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.