The energy ministry is preparing revisions to the previous government’s privatization plan for gas utility DEPA by the end of this month and will submit a resulting legislative amendment to Greek Parliament in October, sources have informed.
The government intends to offer investors majority stakes in DEPA’s trading and infrastructure departments, a departure from the preceding Syriza administration’s plan to offer a majority stake in the gas utility’s commercial interests followed by a minority share in infrastructure.
Energy minister Costis Hatzidakis has not ruled out structural changes to the Syriza plan, which entailed a DEPA split into two new corporate entities, DEPA Trade and DEPA Infrastructure.
It remains unclear if gas supplier EPA Attiki, covering the wider Athens area, will be merged with DEPA Trade or sold as a separate asset.
Speaking at the ongoing Thessaloniki Trade Fair, Prime Minister Kyriakos Mitsotakis noted DEPA would be included in the government’s first round of privatizations.
The DEPA sale is expected to generate major investor interest.
Also speaking at the Thessaloniki event, Andreas Siamisiis, chief executive at Hellenic Petroleum ELPE, the holder of a 35 percent stake in DEPA, declared the petroleum company would seek to establish majority stakes in the gas utility. The Mytilineos and Copelouzos corporate groups have also expressed DEPA interest in public comments.