Greece’s Public Gas Company or DEPA listing on the Athens Stock Exchange seems to be facing difficulties, according to local press.
The Greek government holds a 65% in DEPA and the remainder is in Hellenic Petroleum’s hands.
The government seeks to float a 30% of its stake while it pushes the state-controlled refiner to float an additional 5% stake, according to Greek daily Imerisia.
The same reports says that Hellenic Petroleum management opposes the idea of reducing further its stake in the public gas producer.
The state hopes to raise some EUR700 million from the sale of a 30% stake in Depa by the end of next year.