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OUR NEWS
Signing of agreement for the sale of DEPA Infrastructure
10.12.2021

In the context of the sale process of DEPA Infrastructure SA, the sellers Hellenic Republic Asset Development Fund S.A. (HRADF) and HELLENIC PETROLEUM SA signed today the sale and purchase agreement for the shares of the above company to Italgas SpA, for a total price of €733 million, with the 35% share of "HELLENIC PETROLEUM" participation amounting to €256 million.

It is noted that the completion of the transaction is subject to the approval by the competent regulatory authorities.

HELLENIC PETROLEUM’s CEO, Mr. Andreas Shiamishis commented:The signing of the agreement is an important step towards the completion of DEPA Infrastructure’s sale. This transaction is in line with our "Vision 2025" strategy, for the reallocation of capital to activities related to energy transition and the Group’s transformation and are not minority participations. The proceeds will be used to finance new investments in green energy, as well as for distribution to our shareholders in the form of an extraordinary dividend."