The Hellenic Republic Asset Development Fund (HRADF) launches an international public tender process for the joint sale, along with Hellenic Petroleum SA, of the 100% in the share capital of DEPA Infrastructure SA, a company which will be incorporated by means of spin – off of DEPA’s distribution gas branch from DEPA. Currently, HRADF holds 65% stake of DEPA’s share capital and Hellenic Petroleum S.A the remaining 35%. Following the incorporation of the new entity DEPA Infrastructure S.A., HRADF will hold 65% of its shares and Hellenic Petroleum the 35% and they will act as joint sellers.
For more information, refer to the attached document.