Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Haikou Jiangdong New Area
CLASS

Edison in the short list for the Greek Depa Commercial

June 19, 2020


Abstract : 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).

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.

(Source:Class Editori)

Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.

Scan the QR code and push it to your mobile phone

Keyword: Italian company

Reading:

China suspends pork imports from coronavirus-hit German firm

China accelerates investment in new infrastructure, major projects

​SW China's Guizhou Province sees rapid development of Miao medicine industry

Intesa: new strategic move on the asset management in China

Agreement signed for the construction of new Chinese-Italian Innovation Town in Lishui

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial