Greece’s DEPA clinches $175-million deal with Shell on domestic gas supplier

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• on July 13, 2018
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Greece’s state-controlled DEPA gas company will buy out Shell’s 49 per cent stake in a domestic gas supplier, Attiki Gas Supply Company, and a gas distributor in Athens and become the sole stakeholder in the two companies, it said on Friday.

The deal between DEPA and Shell, which was signed on Friday, is worth 150 million euros ($174.45 million) and is part of a scheme under Greece’s latest international bailout which says that Athens needs to eliminate potential conflicts of interest between DEPA and domestic gas suppliers.

DEPA is 65 per cent owned by the state. Lucas Johansen Authentic Jersey

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