Moscow, 22 May (Argus) — Russia's state-controlled Gazprom has asked the Greek government for better terms for its proposed purchase of gas supply and trading firm Depa.
The Russian firm wants to receive guarantees that Depa's debt of €380mn will be repaid regardless of the results of the Greek firm's privatisation. Gazprom also does not want to pay the 20pc advance payment until the deal is approved by the European Commission, if the Russian firm secures the purchase of Depa.
Gazprom chief executive Alexei Miller met Greek prime minister Antonis Samaras on 21 May to discuss the Depa tender procedure, scheduled for the end of May. Gazprom is competing for the Greek state's 65pc stake in Depa with M&M Natural Gas — a Greek joint venture between industrial conglomerate Mytilineos Holdings and refiner Motor Oil Hellas — and Russia's Negusneft, which is also bidding for Desfa.
Greek refiner Hellenic Petroleum owns the remaining 35pc share in Depa.
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