Storm Byron Hits Greece: Athens Schools Closed Amid Floods and Fallen Trees
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Gazprom Gives Up Bid for Greek DEPA
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The privatization procedure for Greek gas company DEPA has failed, after all potential buyers retracted their offers Monday.
The privatization was highly important for financially troubled Greece, which has to meet a revenue target of EUR 2.6 B from privatization, in order to avoid further austerity.
It is expected that the privatization procedure, which also includes Greek gas sytem operator DEFSA, will be relaunched.
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