ECONOMY

Shell raises its stake in Attica Gas Corp

Shell is set to acquire US company Duke Energy?s stake in the Attica Gas Corporation.

Kathimerini understands that the deal with ATEbank, which acquired the Duke Energy stake after the latter failed to serve a 62 million loan, has been sealed and will be announced in the next few days, once it has been approved in a general meeting of the Attica Gas Corporation.

When the deal is completed, Shell, which now owns 24.5 percent in the company, will have a 49 percent stake as well as the full control of its management, which until now it shared with Duke Energy.

The price Shell will have to pay to raise its stake has not been made known yet, but well-informed sources confirmed that it was considerably higher than the offers at the international tender that followed the Duke Energy default. The two offers then had come from the M