Greek Minister in Talks

Feb 29, 2012 — 23:00
Feb 29, 2012 — 23:00

ATHENS — Greece has invited bids for state-owned gas company DEPA, a day after Greek Environment Minister George Papaconstantinou met the president of Gazprom Export, Alexander Medvedev, to discuss energy policy and Greece's privatization program, according to a ministry statement.

The sale is part of a privatization program targeted to raise 19 billion euros ($25.5 billion) by 2015. Greece, which owns a 65 percent stake in DEPA, would retain a 34 percent stake. The deadline for bids is March 22.

The head of Prometheus Gas, a joint venture between Gazprom and Greece's Copelouzos Group, also attended the meeting. Greek daily Ta Nea said Wednesday that Prometheus Gas would be among companies bidding for the DEPA tender.