Greece
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HRADF

Greece to Sell Majority Stake in Gas Company

On Monday Greece's privatization agency (HRADF) announced that the country has come to an agreement with its foreign creditors on how to proceed with the privatization plan of the gas company DEPA by launching a tender in November to...

Thessaloniki Port Sold to German Fund

Although delayed for a few days, the announcement concerning the privatization of the Thessaloniki port came late on Thursday, by the country's liquidation fund. The Hellenic Republic Asset Development Fund has announced the sale of its 67% stake in Thessaloniki...

DESFA Privatisation Deadline Extended to February 2018

Greece’s privatisation agency (HRADF) decided to push back the deadline for offers connected with the Hellenic Gas Transmission System Operator (DESFA), a 66% stake of which is about to be privately owned. Binding offers were expected to be submitted by...

Government Opens Tender Procedure for Egnatia Odos Concession

The Greek privatisation agency opened a tender procedure for a concession to run Egnatia Odos; a motorway running from west to east, in northern Greece. The contract is part of a privatisation process launched by Greece under a multi-billion euro...

Greece Signs 20-Year Extension Contract for Athens International Airport Concession

Greek authorities and Athens International Airport signed a contract to extend a concession contract for Eleftherios Venizelos airport by 20 years (to June 11, 2046). The agreed price is 600 million euros, including VAT, while the net revenue for the...

Greece Targets 6 Billion Euros in Privatizations Revenues by 2018

The head of Greek privatizations agency (HRADF) said the country aims to receive total revenues of 6 billion Euros from privatizations by 2018. According to HRADF's chairwoman Lila Tsitsogiannopoulou, the revenues would be 500 million for 2016, 2 billion for...

HRADF Elects Lila Tsitsogiannopoulou as New Head

Hellenic Republic Asset Development Fund (HRADF) on Friday said its Board of Directors was reconstituted into a body due to the imminent elapsing six-month period, during which the Chief Executive Officer of the Fund, Mr. Antonis Leoussis, was acting...

Thessaloniki Port Sold to French-German Consortium

A joint venture of Deutsche Invest Equity Partners, with its subsidiary CMA CGM, Terminal Link and the Savvidis Group are to acquire 67% of Thessaloniki Port Authority SA (OLTH), with a binding offer of 231,926,000 euros. The total value of...

Three companies Submit Improved Bids for Thessaloniki Port's Privatization

Greece’s privatization fund HRADF announced on Friday it has received three improved binding financial offers for the acquisition of a 67 percent stake in Thessaloniki Port Authority SA (OLTH). The improved financial offers were submitted by: - International Container Terminal Services...

Privatization of Former Athens Airport will Go Ahead Despite Delays

The privatization of the former Athens airport at seaside Elliniko area will go ahead despite delays, the executive director of Greece's privatization fund told Reuters. The head of the Hellenic Republic Assets Development Fund (HRADF) Lila Tsitsogiannopoulou spoke to Reuters...