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HRADF

Greece Appoints Former Business Leaders to Run Privatization Fund

The Greek government on Friday announced the names of two former business leaders to head the new privatization fund, as required by the country's bailout program. Greece is to make the best use of its assets and speed up privatizations,...

Court of Audit Gives All-Clear to TRAINOSE Privatization, Sources Say

The Court of Audit has given the all-clear to proposed privatization of the Greek trains operator TRAINOSE, sources within the Hellenic Republic Asset Development Fund (HRADF) said on Monday. According to the sources, the terms set by the Court of...

HRADF Announces Completion of Kassiopi Privatization

The Hellenic Republic Asset Development Fund on Thursday announced the conclusion of a privatization of the Kassiopi area on the island of Corfu with the signing of the transfer of the equity capital of "New Corfu Property Investments SA,"...

Privatizations Take Too Long to be Completed in Greece

The sale of the Cassiope property in Corfu by the Greek State will be completed on November 9, four years and nine months after the privatization procedures began. NCH Capital will pay 23 million euros and will acquire 100% of...

Greek National Highway on Sale for €100 Million

Egnatia Odos, one of Greece's longest and newest national highways, is to be sold for 100 million euros, when its construction cost was 6.5 billion euros, according to a newspaper report. Efimerida ton Syntakton newspaper says that the privatization of...

Hellenikon Landmark Deal and Egnatia Highway Toll Gates Tender on the Way

A senior privatization agency official of the Hellenic Republic Assets Development Fund (HRADF) said on Thursday that Greece will launch a tender for the long-term lease of the Egnatia toll road in order to unlock the country's next tranche...

Greece's TRAINOSE Sold for 45 Mln Euros to Italian Railway

The Greek rail operator TRAINOSE will be fully acquired by the Italian railway Ferrovie Dello Stato Italiane S.p.A for 45 million euros. The Hellenic Republic Asset Development Fund (HRADF) announced that Ferrovie's binding offer for a 100 percent stake in...

Italian Company Sole Bidder for Greece's Railway Operator

Italy's state-owned company Ferrovie dello Stato Italiane S.p.A was the only bidder for the privatization of Greek railways operator TRAINOSE, according to HRADF. Hellenic Republic Assets Development Fund, Greece's privatization fund, announced in a statement on Wednesday: "The procedure for the submission...

'No' to Privatisation of Urban Transport, Says Transport Min Spirtzis

In an interview with ANA-MPA, Infrastructures, Greek Transport and Networks Minister; Christos Spirtzis spoke about three draft bills for public works and public contracts. Spirtzis said he is firmly against the privatisation of public transport. "This will not happen" he noted adding that...

HRADF Privatisation Fund Experts' Released After Testimony to Magistrate

All six consultants of the Hellenic Republic Asset Development Fund (HRADF) that were summoned before an Athens magistrate to answer to charges of corruption were released after their testimony on Friday. The six experts, among them three foreigners, had been...