HRADF sets to sell stake in Hellenic Petroleum
The Hellenic Republic Asset Development Fund (HRADF) is set to launch the sale of a 35.5% stake in the Greek oil company Hellenic Petroleum.
Hellenic Petroleum, established in 1998, is one of the largest energy companies in southeast Europe. It is involved in the supply, refining, and trading of petroleum products, fuels marketing, petrochemicals production, and trading and oil and gas exploration and production.
Currently, Hellenic Petroleum has assets with a combined worth of EUR7.30 billion (US$8.08 billion).
HRADF is yet to make the final decision for the planned sale.
Country updates
-
-
August 12, 2019
HRADF signs Operation of Chios Marina concession
The concession agreement of the right to use and exploit the marina of Chios for a duration of 40 years to “Marina Chios SA” the SPV company set up by the Preferred Investor scheme “...
Read more -
July 09, 2019
Five companies submitted proposal for Greece motorway project
The Government of Greece through the Ministry of Infrastructure and Transport has received five bids from companies for the design, construction, financing, operation, and maintenance of the ...
Read more -
July 02, 2019
Greece launches EOI for 30% stake in Athens Airport
Hellenic Republic Asset Development Fund (HRADF) in Greece has launched an Expression of Interest (EOI) to participate in an international tendering process to acquire 30% stake in Athens Interna...
Read more -
June 28, 2019
GMC acquires majority stakes in Zouros
Newly incorporated Greek joint venture, Greek-Euro Towage Maritime Company (GMC), of Rimorchiatori Riuniti, Fratelli Neri and Rimorchiatori Laziali has acquired an 80% stake in Zouros Group. Rim...
Read more -
June 19, 2019
EIB and National bank of Greece launch new green and urban infrastructure investment scheme
New investment in renewable energy, energy efficiency, and urban development projects across Greece will be supported following the first agreement under a new EUR 650 million (US$ 728.41 million...
Read more
