July 16 (SeeNews) - Greece’s privatisation agency said it has received two binding offers - from Italian gas distributor Italgas and Czech EP Investment Advisors - for the acquisition of local state-run gas distributor Depa Infrastructure.
The Hellenic Republic Asset Development Fund (HRADF) is about to start reviewing the bids to see if they meet the set criteria and will soon unseal the financial offers, it said in a press release published Thursday.
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In February 2020, Greece's privatisation agency announced it had received expressions of interest from nine potential buyers, including Italgas and EP Investment Advisors. Other suitors included US buyout firms KKR and Isquared Capital, the European infrastructure fund of Australian investment bank Macquarie, First State Investments - the asset management arm of the Commonwealth Bank of Australia and Hong Kong-based China Resources Gas Group.
Depa Infrastructure comprises a group of companies with presence in the energy sector, which are engaged in the wholesale market, trading, supply and distribution of gas. It is is being sold by HRADF, which owns a stake of 65%, and Hellenic Petroleum, which holds the remaining 35%.