Company Overview of Public Gas Corporation S.A.
Public Gas Corporation S.A., together with its subsidiaries, engages in the import, transmission, distribution, and sale of natural gas in Greece. The company, through its subsidiary, DESFA S.A., also operates as the manager of the national system of transmission of natural gas. Public Gas Corporation S.A. was founded in 1988 and is based in Athens, Greece.
92 Marinou Antipa Avenue
37 Papaioannou Street
Athens, 141 21
Founded in 1988
30 210 27 01 000
30 210 27 01 010
Key Executives for Public Gas Corporation S.A.
Chief Executive Officer and Executive Director
Head of Financial Activities
Division Head of Technical Projects
Division Head of International Projects
Compensation as of Fiscal Year 2015.
Public Gas Corporation S.A. Key Developments
Greece Government To Privatize Public Gas Corporation
Feb 13 14
Government is planning to start the privatization of Public Gas Corporation S.A. (DEPA) in 2014 to end in 2015, Simos Kedikoglou, spokesperson of government said. Open Joint Stock Company Gazprom (MICEX:GAZP) might bid in the tender again. The first tender ended in the summer 2013 and proved a failure. "All procedures for getting approvals and formalizing the acquisition of DEPA after the results of the tender are announced may take about a year. The company is already experiencing serious problems with non-payments by consumers, it is heading for restructuring to spin off DESFA, and the bidders were given no guarantees that public regulation of DEPA would not deteriorate. All this creates significant risks that affect the company’s value, while the price of the deal is to be fixed now without taking all these factors into account," Kupriyanov said. Valentina Matviyenko, Chairperson of the Federation Council, upper house of Russian parliament, said, "If the terms being discussed are used as the basis for a new tender to privatize DEPA, Gazprom is ready to participate in it. Gazprom is interested in the DEPA privatization, but the terms proposed were unacceptable and the approval of new terms - the Greek government understood that the changes to be made were fair but ran out of time before they could be formalized."
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