Hellenic Petroleum Approves Depa Stake Sale, Euro2day Says

Hellenic Petroleum SA (ELPE)’s board approved the sale of its 35 percent stake in Greece’s natural gas supplier Depa, Euro2day.gr said.

The board agreed to a joint sale with the Greek state, which plans to dispose of its 65 percent holding as part of a state-asset sales program, the Athens-based news site reported, without citing anyone. Hellenic Petroleum shareholders will take final decisions on the stake in Depa at their next meeting, Euro2day said.

To contact the reporter on this story: Natalie Weeks in Athens at nweeks2@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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