Tag Archives: HRADF

The Greek government has cancelled the privatization of the port of Alexandroupolis in Northern Greece, a process that had started already in 2017. The conservative government has now announced that the port is too important to be entrusted to a private investor. On Thursday, the board of directors of the …

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The Hellenic Republic Asset Development Fund S.A. (HRADF), a member of the HCAP Group, proceeds with developing the mega yachts marina in Corfu in the framework of its strategy for highlighting assets with a strong local footprint and enhancing tourism development and growth. The licensed mega yachts marina is located …

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The government is using the Hellenic Republic Asset Development Fund (TAIPED) as “a Trojan horse” to hand over state assets to private interests, the leader of Movement for Change (KINAL) leader Fofi Gennimata said on Tuesday. The party leader said she is referring to the 2003 shareholders’ agreement for Hellenic …

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Greece’s privatization fund, the Hellenic Republic Asset Development Fund, has invited interested parties to submit expressions of interest to participate in an international tender process for the acquisition of a 30% stake in Athens International Airport SA (AIA). According to a HRADF statement published on June 28, the tender process …

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Athens International Airport (AIA) SA paid the full amount agreed for the extension of the Athens “Eleftherios Venizelos” airport concession by 20 years. The payment of €1.403 billion, including VAT, concludes the process for extending the concession contract. According to estimates, the total amount that the Greek state stands to …

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The Hellenic Privatization Fund (HRADF) announced an international tender for the sale of 24.5 million ordinary shares by telecom giant OTE, which represent 5% of the company’s capital. Athens expects bids from interested investors by March 15, 2018, it is clear from a news release on the Fund’s website. The …

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Greece has had to postpone the signing of a deal to sell a majority stake in its second-biggest port after the Russian guarantor bank, Promsvyazbank, was placed under temporary administration and was practically nationalized by the Centrla Bank of Russia. Odd that the US Ambassador to Athens had criticized the …

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Greece received six expressions of interest for the sale of a 66 percent stake in state natural gas grid operator DESFA, the country’s privatization agency (HRADF) said in a press release on Monday. The investor groups that responded to the tender are: -Macquarie Infrastructure and Real Assets Ltd -A consortium …

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The Eurogroup may block an 8.5-billion-euro credit lifeline to Greece if the country does not grant immunity to privatisation agency officials from Spain, Italy and Slovakia, Spanish Economy Minister Luis de Guindos said on Friday. In 2015, a Greek prosecutor charged three officials at the country’s privatisation agency over a …

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Greek privatization fund  HRADF declared a German-led consortium comprising “Deutsche Invest Equity Partners GmbH”,  «Belterra Investments Ltd.» and «Terminal Link SAS» as the preferred bidder for the acquisition of  67% stake in Thessaloniki port, the second largest in Greece. Deutsche Invest Equity Partners is a German private-equity, Terminal Link is …

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