Hellenic Republic Asset Development Fund (HRADF)

Company description

The Hellenic Republic Asset Development Fund (HRADF) is a public organization based in Greece. Its primary objective is to manage and facilitate the privatization of state-owned assets in Greece. The HRADF was established to manage and oversee the privatization of various public assets in Greece. This includes state-owned enterprises, properties, and other assets. HRADF plays a crucial role in implementing Greece's privatization program, which is often part of broader economic reforms and financial restructuring efforts. The privatization program is designed to attract investments, reduce state ownership, and enhance economic efficiency. The fund is responsible for overseeing the privatization of a diverse range of assets, including but not limited to energy infrastructure, real estate, transportation, and other state-owned enterprises. HRADF engages with domestic and international investors, facilitating the process of acquiring and developing state assets. The goal is to attract private-sector investment and expertise to contribute to economic development. 

Company details

City:
Athens
Address:
1 Kolokotroni & Stadiou Str,Athens, 105 62,Greece
Email:

Participation in projects

Projects Transactions
List of the updates in which the company was involved

Company updates

  • September 23, 2024

    Acquisition announced for a stake of 67% in Heraklion Port Authority

    The Hellenic Republic Asset Development Fund (HRADF) has announced the acquisition of a majority stake of 67% in the company's share capital Heraklion Port Authority S.A.  

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  • April 02, 2024

    Launch of tender process for development of Lavrion Port Authority S.A.

    The Hellenic Republic Asset Development Fund (HRADF) announced the launch of the international tender for the acquisition of a majority stake (at least 50% plus one share) in the share capital of Lavr...

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  • December 20, 2023

    Share purchase agreement signed for acquisition of 67% stake in Heraklion Port Authority

    The Hellenic Republic Asset Development Fund (HRADF) has signed the EUR 80 million (USD 87.6 million) share purchase agreement for the acquisition of a 67% stake in the share capital of Heraklion Port...

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  • December 11, 2023

    Agreement announced to sell shares in HELLENiQ Energy Holdings S.A.

    The Hellenic Republic Asset Development Fund S.A. (HRADF) and Paneuropean Oil and Industrial Holdings S.A. (POIH) have agreed to sell in total 33,619,870 existing ordinary shares in HELLENiQ Energy Ho...

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  • October 17, 2023

    International Tender for Sale of 65% Stake in DEPA Commercial S.A. Cancelled

    The Board of Directors of the Hellenic Republic Asset Development Fund (HRADF) decided to terminate the international tender for the sale of 65% of the share capital of DEPA COMMERCIAL S.A. in Gr...

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  • June 21, 2023

    Investor Declared for acquisition of 67% stake in share capital of Heraklion Port Authority S.A.

    The Hellenic Republic Asset Development Fund (HRADF) has declared the Preferred Investor for the acquisition of a 67% majority stake in the share capital of Heraklion Port Authority S.A. (H.P.A. S.A.)...

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  • May 03, 2023

    Inspection of steel structures at Olympic Athletic Centre of Athens (OACA) complex in Greece

    The Hellenic Republic Asset Development Fund (HRADF) has announced that the inspection of the steel structures at the Olympic Athletic Centre of Athens (OACA) complex is in progress. Specialized tech...

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  • February 06, 2023

    EOI submitted for development of Volos Port Authority in Greece

    HRADF has announced that 8 investment schemes submitted an Expression of Interest (EOI) for the development of Volos Port Authority S.A. (V.P.A.S.A.) in Athens, Greece.  The following...

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  • February 03, 2023

    EOI Received for Development of First Instance and Athens Prosecutor's Office in Athens

    The Ministry of Justice and the Hellenic Republic Asset Development Fund (HRADF) have announced interested parties for the construction and operation of the Court of First Instance and the Athens Pros...

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  • January 23, 2023

    Deadline Extended for Volos Port Authority Project Tender in Athens

    The Hellenic Republic Asset Development Fund (HRADF) has extended the deadline of Expression of Interest (EOI) for the development of Volos Port Authority S.A. (V.P.A. S.A.) in Athens, Greece. T...

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