Spanish gas distributor Gas Natural, which has initialed an agreement to buy a 35 percent interest in the Public Gas Corporation (DEPA) for 285 million euros, may be reconsidering the option, which expires in June. Managing Director Enrique Locutura told shareholders the firm is in talks with the new Greek government — which has indicated it favors the breaking up of DEPA into four sections, of which, according to one scenario, the State will retain the transmission system.
Other Gas Natural officials said the company will examine whether the new government’s policy is in line with its own interests. Separately, the government yesterday named Raphael Moissis, president of supermarket chain AB Vassilopoulos, as DEPA’s new CEO. He has previously held positions at ETBA Bank, power company PPC and Athens Metro.