Public Gas Corporation SA (DEPA)

DEPA is the incumbent natural gas importer and distributor. It sources gas from a number of suppliers through long-term supply contracts and provides approximately 90% of the gas consumed in the country.

DEPA holds 100% of DESFA, which holds, operates and develops the National Natural Gas Transmission System. DEPA also holds 51% in the Gas Distribution Companies of Attica, Thessaloniki and Thessalia, which supply retail clients in their respective regions.

The HR holds 65% of DEPA, with the remaining being held by Hellenic Petroleum SA. The HR has appointed UBS, Rothschild and Alpha Bank as financial advisors as well as Koutalides Law Firm and Clifford Chance as legal advisors to assist with the process of privatizing the company.