Bloomberg News

Greek Court Rejects Investor Appeal Over Gas Company Sale

May 10, 2012

A Greek court rejected a request by a Russian investment fund to issue an injunction putting on hold the sale of the country’s natural gas company, the state agency running the sale said in an e-mailed statement.

The tender for selling state-controlled natural gas supplier Depa SA and its fully owned Desfa SA gas-grid unit is continuing without delays, the Hellenic Republic Asset Development Fund said in the statement.

Fund Energy, which is owned by former Russian Energy Minister and OAO Gazprom (GAZP) director Igor Yusufov, lodged the appeal after it was excluded from a list of 14 investors that qualified to move to the next stage of the tender last month.

To contact the reporter on this story: Marcus Bensasson in Athens at mbensasson@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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