Two alternatives are being considered for the privatization of DEPA Commercial, a process that seems to have regained momentum, local media reports. Both options would result in the company’s listing on the Athens stock exchange.
Through one of the two alternatives, DEPA Commercial’s two shareholders, privatization fund TAIPED, holding a 65 percent stake in the gas company, and Helleniq Energy, would each contribute portions of their equity in DEPA Commercial for its entry into the Athens bourse.
The other alternative envisages the sale of Hellenic Petroleum’s 35 percent stake in DEPA Commercial to the Greek State, which would make this equity available on the bourse.
DEPA Commercial’s privatization plan had been put on hold as a result of the energy crisis and an ongoing legal battle between the gas company and the fertilizer industry ELFE.
The Greek State has intervened in the gas market, through DEPA Commercial, to implement measures designed to control gas prices and secure energy sufficiency.