MILAN, June 18 (Class Editori) -- The tender for 65 percent of Depa Commercial goes live, a Greek company active in the import and supply of natural gas and electricity - founded from the demerger of Depa (the other company is Depa Infrastructure, for which Italgas is running). The board of the Hellenic Republic (Hradf) Capital Development Fund, owner of 65 percent of Depa, met on Tuesday and drew up the list of those admitted to the phase of binding offers.
Among these stands out the name of Edison which, through the subsidiary Edison International Holding, runs in tandem with Hellenic Petroleum, a 35 percent shareholder of Depa. Other candidates include Shell Gas, Met Holding, Gek Terna, Mytilinaios, Cg Gas and the consortium made up of Motor Oil Hellas Corinth Refineries and Ppc.
Ancillary documentation will be provided in the next few days to access the data room, after which binding offers will be made. One of the key points is the possibility of being able to sign a memorandum with the shareholders Hradf and Hellenic Petroleoum to acquire 100 percent of the shares. An option not to be underestimated for Edison, considering the participation in the deal in partnership with one of the two shareholders. It should also be remembered that the group of Foro Buonaparte already has ties with Depa. The two companies jointly own the Igi Poseidon JV, the developing company of EastMed, the onshore/offshore pipeline that will connect the gas resources of the eastern Mediterranean with the European natural gas network.
Meanwhile, Edison signed an agreement with Metron to offer Edison Analytics powered by Metron to industrial customers, a monitoring and optimization solution for energy consumption that uses digitalization and AI.
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