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Motor Oil Hellas Corinth Refineries SA Submits Offer For The Acquisition Of DEPA As Part Of Consortium


Tuesday, 6 Nov 2012 02:51am EST 

Motor Oil Hellas Corinth Refineries SA announced that following its announcement dated March 28, 2012, on November 5, 2012, it submitted a non-binding offer for the acquisition of 100% of the share capital of PUBLIC GAS CORPORATION GROUP (DEPA), together with MYTILINEOS SA - GROUP OF COMPANIES and M and M NATURAL GAS SA which has been jointly established by the two Groups. The latter has been defined as consortium leader with a percentage participation of 80% while the two groups will participate with 10% each. The DEPA wholly owned subsidiary HELLENIC GAS TRANSMISSION SYSTEM OPERATOR SA does not form part of the submitted non-binding offer. Citigroup Global Markets Limited is acting as Financial Adviser of the consortium. 

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