decision on whether it will bid for the Greek government΄s controlling stake in Public Gas Corporation (DEPA), according to Dow Jones Newswires.
Earlier on Monday, Spanish financial daily El Economista reported that Gas Natural will place a €1b bid for DEPA, but a Gas Natural spokeswoman denied the report.
However, she said Gas Natural isn΄t ruling out the possibility of buying the stake.
The Greek government, which holds a 65% stake in DEPA, has appointed UBS, Rothschild and Alpha Bank to handle the sale, said the report.
The sale, which may take place in the second half of the year, is part of Greek government’s €50b privatization package.
Gas Natural submitted an offer for DEPA in 2004 during a previous bout of privatization, but the deal was cancelled due to a change of government in Athens.
source: CAPITAL
