Greece’s privatization agency, the Hellenic Republic Asset Development Fund (HRADF), on Thursday announced that it has received two binding offers for the 100 percent acquisition DEPA Infrastructure SA, in a joint sell-off with Hellenic Petroleum (Hel.Pe) group.
Binding offers were submitted by:
– EP Investment Advisors, and
– – ITALGAS SpA
HRADF currently holds a 65-percent stake of DEPA Infrastructure’s share capital, with Hel.Pe holding the remaining 35 percent.
A review of the binding will begin immediately.
Shortly after, HRADF’s Board of Directors will unseal the offers.