Today, DEPA SA and Εni gas e luce S.p.A. (“EGL”) signed at DEPA’s offices the Shares Purchase and Sale Agreement for the sale and transfer of 51% of the share capital of EPA Thessaloniki-Thessalia S.A. (ZENIΘ) by DEPA to EGL for an amount of €57 million (including the dividend of fiscal year 2017).
The Agreement was signed on behalf of DEPA by the BoD Chairman, Mr. Velissarios Dotsis, in the presence of the CEO, Mr. Dimitrios Tzortzis and DEPA executives.
The Agreement was signed on behalf of Eni gas e luce by the CEO, Mr. Alberto Maria Chiarini, in the presence of the Head of Legal and Regulatory Affairs, Mr. Pietro Galizzi and executives of the Group.
The implementation of the transaction is subject to obtaining the required approvals by the competent authorities.
The Agreement is signed in the context of the restructuring of DEPA’s position in the retail energy market.
DEPA’s financial advisors for the transaction were Rothschild and Alpha Bank and the law firms “Lambadarios & Associates” and “Koutalidis” acted as DEPA’s legal advisors. The fairness opinion on the transaction was issued by Eurobank.