With the sale of its stake in the gambling monopoly OPAP to a Greek-Czech group done, Greece is turning its attention to selling off the the Public Gas Corporation DEPA and gas network operator DESFA, but the process has been postponed “for technical reasons” and will be held within the last 10 days of May [...]
Tag Archives | Desfa
Sweet Deal For OPAP: $937.8M
Greece has sold its 33 percent stake in the gambling monopoly OPAP to a Czech-Greek consortium, Emma Delta, in a deal that will bring in 712 million euros ($937.8 million) some 30 million euros ($39.4 million) higher than an original offer but 18 million euros ($23.69 million) less than what the government hoped to realize [...]
Greece Pins Hopes On Gas, Betting
With Greece’s privatization plans lagging – and set back again when the head of the agency overseeing it stepped aside in a burgeoning scandal involving the nation’s electric company – the government is hoping that bids for its money-making lottery and gambling operation OPAP and gas monopoly DEPA and grid operator DESFA due by the [...]
Hollande Heads for Athens for Deals
French President Francois Hollande, the Socialist leader who opposed austerity in his country but backed it for Greece, is due in Athens on Feb. 19 to show support for Conservative Prime Minister Antonis Samaras’ implementing more pay cuts, tax hikes and slashed pensions. The newspaper Kathimerini said that Hollande is also interested in discussing the [...]
Russia’s Sintez Bids for Greek Gas DEPA
Moving to speed the pace of privatizations as demanded by international lenders, Greece has received a high bid for its state-run gas company DEPA of up to 1.9 billion euros ($2.5 billion) from Russian energy firm Sintez Group, the Moscow-based Kommersant business daily reported. Sintez’s rivals in the bid to acquire DEPA and its subsidiaries [...]
OPAP Stake Sale Drives Up Value
The value of Greece’s gambling agency, OPAP, has shot up fast in the wake of accelerated privatization plans that foresee the sale of the government’s plan to sell a 33 percent stake. That came as Greece’s international lenders are pressing the government to pick up the pace of selling or leasing state properties and entities. [...]
Sale of Gas Firms to Fetch Around 1 bln
The privatization project concerning Greece’s Public Gas Corporation (DEPA) and DESFA, the country’s gas network operator, has drawn major interest and is likely to fetch around 1 billion euros, or even more, judging by the nonbinding offers submitted to the state privatizations fund (TAIPED). If all goes well, as daily Kathimerini reports quoting TAIPED officials, [...]
Gazprom Among Nonbinding Bidders for Greece΄s DEPA/Desfa
Greece΄s privatization agency said Tuesday that five companies or consortiums have made nonbinding offers for Greek state-owned natural gas company DEPA/Desfa, which is being sold as part of the country΄s privatization program, Dow Jones reported. The privatization agency, the Hellenic Republic Asset Development Fund, said expressions of interest for natural gas company DEPA and natural [...]
Seventeen Firms Express Interest in Gas Company Sale
Seventeen firms expressed initial interest in the privatisation of Greek natural gas company DEPA, one of the country’s major assets to go on the block to help pay down public debt, its privatisations agency (HRADF) said on Friday. The agency did not name the interested parties but said the potential buyers came from 12 different [...]
With Privatization Lagging, Greece Ready to “Burn the Furniture”
ATHENS – As Greece struggles to save its economy by cutting workers’ pay to the bone, raising taxes to the limit, slashing pensions and preparing for the firing of 150,000 workers, a big revenue-raiser – privatizing state-owned entities and selling and leasing state properties – has fetched less than $2.53 billion so far as some [...]
Greece Wants Turkish Companies to Buy Properties and Assets
ISTANBUL – Desperate to find buyers of its assets and holdings to satisfy international lenders, Greece is turning to its neighbor and often-time enemy Turkey to find investors amid fears of a bargain basement fire sale that will bring in far less than the worth of what is for sale or lease. Greek officials met [...]
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Calendar – Exhibits, Concerts, Fun
- Greece Celebrates International Museum Day on May 18 May 18, 2013
- Edessa Cherries, Wine For Gastronomy Fair May 17, 2013
- Greek Choreographers Festival In Thessaloniki May 17, 2013
- Taxidi Exhibit 2013 Opens in Cyprus May 16, 2013
