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Wednesday, May 22, 2013

Gazprom Plays Hardball With DEPA Bid

ATHENS, May 21 (Reuters) - Gazprom is squeezing Athens for better terms to buy DEPA, Greece's sole retail gas distributor, a Greek official said, as the Russian gas export monopoly leverages its strength position as the only major player in the running. Binding bids are due to be submitted on May 29 for DEPA, which posted a net profit of 106 million euros ($136.33 million) last year. Gazprom ...

READ THE ORIGINAL POST AT www.greekherald.com