Countdown to the nationalization project of DEPA Emporia, with its shareholders considering the final details on the purchase agreement (SPA).
As the information reports in the coming days, the TAIPED that owns the 65% of DEPA Emporia and Helleniq Energy which controls 35% and wants the divestment from the gas company will have SPA in their hands.
For the return of DEPA Emporia to TAIPED, legislative regulations are also required
DEPA Emporias
With this act – and once the SPA is signed – the process of selling 35% of Helleniq Energy to DEPA Emporias is activated.
TAIPED is also the buyer upon completion of the process the natural gas business is transferred entirely to the Greek state.
Legislative regulations
However, for the return of DEPA Emporia to the public and for the transaction, legislative regulations are also required.
And this as TAIPED cannot proceed with the acquisition of company shares.
According to information, the government has drawn up the relevant provisions, which with the opening of the Parliament are going to be forwarded for voting.
The sale value of 35% of DEPA Emporia will be offset by dividends that TAIPED was to receive from Helleniq Energy
The price
As for the price, the information is wanting book value, has been determined and the shareholders are in agreementnamely TAIPED and Helleniq Energy.
Unofficial sources identify it at 200 million euros.
The same sources say that there will be no cash payment, but the sale value will be offset by dividends that TAIPED (Greek government) was to receive from the participation in Helleniq Energy. It is recalled that the Privatization Fund is a shareholder with 31.18% in the listed company.
The first priority for Helleniq Energy is the completion of the negotiation with Edison for Elpedison
The weights
Also according to information, the two sides, TAIPED and Helleniq Energy, have agreed that any difference in the price arising in the future from possible effects with pending cases of DEPA Emporia will be settled later.
It is worth emphasizing that DEPA Emporias has pending lawsuits with ELFE and Gazprom.
Η Elpedison
However, and according to information, the completion of the nationalization of DEPA Emporia cannot be excluded by the end of 2024.
The first priority for Helleniq Energy is the closure of the pending matter with Elpedison.
Right after the summer holidays Helleniq Energy and Edison are expected to launch the bidding process for the acquisition of 100% of Elpedison subsidiaryin which both companies are shareholders with a quota of 50% each.
According to sources, the transfer of DEPA Emporia will move in parallel, so that HelleniqEnergy has been formally left with the front of DEPA Emporia open.
Source: ot.gr
#DEPA #Emporias #natural #gas #company #nationalized #price #burdens
