Hellenic Republic Asset Development Fund (HRADF) has selected ITALGAS Spa as the preferred bidder after receiving an improved offer for the acquisition of 100% of the share capital of DEPA Infrastructure S.A. The financial offer provides an upfront payment of EUR733 million (US$866 million). 

DEPA is a group of companies with a presence in the energy sector, actively engaged in the wholesale market, trading, supply and distribution of natural gas. Currently, HRADF holds a 65% stake of DEPA Infrastructure’s share capital, and the remaining 35% stake is owned by Hellenic Petroleum S.A. (HELPE).