Greece’s Copelouzos Group is interested in joining a new company founded by Italgas after acquisition of gas company DEPA Infrastructure was officially completed, the Italian buyer’s chief executive Paolo Gallo has informed media.
Italgas and Copelouzos Group are currently involved in talks concerning a stake of between 10 and 20 percent for the latter in the new DEPA Infrastructure company, a stake closer to the lower level being likeliest, Italgas’ CEO noted.
The negotiations between the two sides could last anywhere between weeks and months, while there is no definite outcome, Gallo informed.
Italgas intends to offer an overall stake of as much as 49 percent in the new DEPA Infrastructure company. No other potential partners or initiatives have been revealed.
Gallo, responding to journalist questions, said it is too early to tell if there will be any organizational changes at DEPA Infrastructure.
However, he did confirm that the current CEOs at DEPA Infrastructure’s distribution subsidiaries EDA Attiki and DEDA, two of three in total, would remain at their posts.
As for EDA THESS, DEPA Infrastructure’s other distribution subsidiary, Italgas is still in the process of completing its purchase of a 49 percent stake held in this company be Eni. Price and terms have been agreed.
Italgas will aim for further gas penetration in parts of Greece where natural gas networks already exist, the CEO noted.