Greece: DEPA sells stake in gas supplier to Eni

Greece’s biggest gas company DEPA said it sells its holding in a local gas supplier to Italy’s Eni for 57 million euros ($67 million).

Under the agreement, state-controlled DEPA sells its 51 percent stake in Thessaloniki-Thessaly Gas. Eni already holds a 49 percent stake in that company.

DEPA will stay in the broader Athens region but will pull out of the rest of Greece.

DEPA is also in talks to buy out Shell’s 49 percent stake in another gas supplier, Attiki Gas Supply Company, and a gas distributor in Athens and become the sole stakeholder in the two companies, sources close to the matter told Reuters.

One of the sources said the deal could be worth about 150 million euros.


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