The agreement for the sale of DEPA Infrastructure was signed by HRDH, ELPE and Italgas

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The contract for the sale of DEPA Infrastructure was signed today by the HRDH, a member company of the Superfund (EESYP) and “Hellenic Petroleum SA”. in Italgas SpA, for a total price of 733 million euros.

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The share purchase (SPA) agreement was signed by the CEO of HRDH, Mr. Dimitris Politis, on behalf of “Hellenic Petroleum” the General Manager of Strategic Planning and Group Development, Mr. George Alexopoulos and the General Manager. Ioannis Apsouris, the CEO of Italgas SpA, Mr. Paolo Gallo and the CEO of Italgas NewCo SRL, Mr. Pier Lorenzo Dell’orco.

The signatures were made in the presence of the Minister of Finance, Mr. Christos Staikouras, the Minister of Development & Investment, Mr. Adonis Georgiadis, the Minister of Environment & Energy, Mr. Costas Skrekas, the Ambassador of Italy, Mrs. Patrizia Falcinelli, the Director EESYP), Mr. Grigoris D. Demitriadis, the Managing Director of ELPE, Mr. Andreas Siamisis, the President of Italgas, Mr. Alberto Dell’acqua, the Managing Director of HRDH, Mr. Panagiotis Stampoulidis. Also present were the President of DEPA Infrastructure, Mr. Charitonas Kyriazis and the CEO of the company, Mr. Michalis Hatzis.

DEPA Infrastructure was established in April 2020 following the partial split of the infrastructure sector of the Public Gas Company SA. (DEPA). The mission of DEPA Infrastructure is the development of natural gas networks throughout Greece through the EDA and DEDA, ensuring the supply of gas throughout the territory.

The CEO of HRDH, Mr. Dimitris Politis, expressed his satisfaction for the completion of the agreement within about 3 months from the announcement of Italgas as Preferred Investor and pointed out that “the aim of the Fund is to highlight the assets under “The creation of added value from their utilization. True to this philosophy is the current agreement we signed for DEPA Infrastructure, which we expect to see growing dynamically under the roof of its new shareholder.”

The statement of Chr. Staikoura

The Minister of Finance, Christos Staikouras, expressed his satisfaction for the signing of the agreement for the sale of DEPA Infrastructure, between HRDH, ELPE and Italgas.

“Today, 2 years after the start of the tender process, the agreement for the sale of DEPA Infrastructure is completed, for a significant price. As Minister of Finance, I welcome it”, said the Minister of Finance and added:

“Agreement that reflects the confidence of international business groups in the potential and prospects of the Greek economy. Agreement with one of the largest energy groups in Europe, with particularly increased dynamics and advanced know-how, which is expected to give additional impetus to the development of DEPA Infrastructure and to contribute to the implementation of further investments with a green footprint, while creating new jobs.

I want to thank all those who worked, intensively and methodically, the Management and the HRDH executives, for this positive result “.

“I hope that the development of the investment will confirm the goal of all of us for the implementation of investments that will be distinguished by economic efficiency and social reciprocity”, concluded Mr. Staikouras.


Source From: Capital

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