Greece: DEPA Infrastructure got two binding bids

, SEE Energy News

The privatization agency will check whether the bids meet the criteria set in the tender before it unseals them.

Greek privatization fund TAIPED said that it has received two binding offers for a majority stake in DEPA Infrastructure, gas distribution network operator which emerged after the spilt of Public Gas Corporation (DEPA). The bidders were Italgas and Czech EP Investment Advisors.

Along with Italgas and EP Investment Advisors, which had qualified to submit binding offers, an-other four investors, including First State Investments and a Chinese joint venture between SINO-CEE Fund and Shanghai Dazhong Public Utilities had been short-listed.

Greek state and the biggest oil refiner Hellenic Petroleum (ELPE) are jointly selling their 65 % and 35 % stakes respectively in DEPA Infrastructure.