ECONOMY

TAIPED calls for bids for gas firms

Greece will soon ask prospective investors to make binding bids for the country?s gas company and grid operator as the government revives its state asset sales program. Greece in April chose 14 investors for the next phase of the sale of DEPA SA natural gas company and DESFA grid operator.

Officials from the Hellenic Republic Asset Development Fund (TAIPED) told reporters in Athens on Tuesday those 14 companies would be asked to submit binding bids.

The officials met on Tuesday in Athens to discuss progress of the program. Plans to lease the IBC conference center will also proceed, they said. [Bloomberg]