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HRADF

14 Regional Greek Airports to Be Privatized

Fourteen regional airports in Greece are expected to pass to private companies in the next two months, according to the Hellenic Republic Asset Development Fund (HRADF) schedule. The transfer of management from the state to private owners will have a...

OPAP: €40 Million Offer for Horse Race Betting License

The Greek Organization of Football Prognostics (OPAP) will bid for the country’s horse race betting license, after teaming up with a British fund manager, just days after the Hellenic Republic Asset Development Fund (HRADF) rejected the sole offer in...

New Tender for Mutual Horse-Betting License in Greece

Greece’s privatization fund has decided to relaunch a tender for a mutual horse-betting license after failing to accept an improved bid from gaming systems firm Intralot. The Hellenic Republic Asset Development Fund (HRADF) asked Intralot on August 20 to up...

Mussolini's Villa de Vecchi in Rhodes for Sale

The Hellenic Republic Assets Development Fund (HRADF), responsible for raising money from state property sales to reduce debt, is pitching the abandoned Villa de Vecchi on the Greek island of Rhodes, which had been the holiday home of Italian dictator...

Greece Appoints New HRADF Managing Director

The Greek government has appointed a new head of its privatization fund, HRADF (Hellenic Republic Asset Development Fund). This will be the fifth change of the fund’s management since it started operating in 2010, with the goal of selling...

Five Bidders for Two Property Assets in Rhodes

Greek authorities on Tuesday said an international tender for the sale of two real estate properties in Afantou, Rhodes, was successful. Hellenic Republic Asset Development Fund (HRADF) said two binding bids were submitted for the golf course in Northern...

HRADF Reconsiders the Sale of Thessaloniki Water Company

The Hellenic Republic Asset Development Fund (HRADF), which oversees the sale of several state assets, has reconsidered the sale of 51% of the Thessaloniki Water Supply & Sewage Co., after citizens in northern Greece expressed their disagreement. The local community...

The 90 Greek Beaches Greece Wants to Sell

The beaches of Elafonisos, location of the famous Pavlopetri marine archaeological site, are among 90 beaches in Greece expected to be privatized. According to Greek news, the Hellenic Republic Asset Development Fund (HRADF) is already inspecting various popular Greek beaches with a...

Greece to Sell Disused Olympic Facilities

The Greek privatization fund TAIPED (Hellenic Republic Asset Development Fund) is to undertake the sale of the disused Olympic facilities in Athens, construction of which cost more than 577 million euros. The total cost of the construction was based on data from Greece’s...

Lamda Preferred for Ellinikon Airport Project

Monday’s meeting of the HRADF Board unanimously declared Lamda Development SA the preferred investor for the acquisition of 100% of Hellinikon SA shares, after the positive feedback from the Council of Experts. This followed the submission of fairness opinions from...