Gazprom Presses for Concessions in DEPA Sale

Gazprom Presses for Concessions in DEPA Sale

Gazprom is pushing for more favourable terms in the sale of Greece's retail gas distributor DEPA, Reuters reported, quoting a Greek official.
On Tuesday Gazprom CEO Alexei Miller arrived in Greece for talks with prime minister Antonis Samaras, seeking assurances that DEPA's customers will settle arrears of 380 million euro, and a concession that Gazprom will not have to deposit 20% of the purchase price as a guarantee before the deals gets the European Union's approval, Reuters reported.
Binding bids are due to be submitted on May 29. Gazprom last year made a preliminary bid of 900 million euro ($1.2 billion).
Gazprom is DEPA's main supplier, providing about 60% of its gas last year, Reuters noted.


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