Greece approves Socar`s bid for Depa stake
Greece`s privatization body has approved Azerbaijani state energy firm Socar`s bid to participate in the tender for privatizing Depa gas firm, according to the body`s website.
In addition to Socar, the Greek privatization fund accepted the papers of 13 companies that are seeking to buy stakes in the company.
Depa is engaged in the sale, transportation and distribution of gas in Greece. 65 percent of the company`s stock is owned by the government and a 35 percent stake is held by local refining company Hellenic Petroleum SA.
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