Hellenic Republic Asset Development Fund

As Greece prepares to welcome the highest number of foreign visitors in its history this year, around 35 million according to expert estimates, basic public infrastructure remains woefully inadequate.

The agreement for the concession of Egnatia Odos between the Greek state and the Asset Development Fund (TAIPED), as well as the company Nea Egnatia Odos and the original shareholders, GEK Terna and Egis Projects was signed on Friday, according to TAIPED. 

The infrastructure upgrade works at the port of Alexandroupoli are proceeding, following a decision by Maritime Affairs and Island Policy Minister Christos Stylianides.

The Hellenic Republic Asset Development Fund (TAIPED) issued a call of interest for a majority stake sale (50%+1 share) in Lavrio Port Authority SA on Wednesday.

The authority has the exclusive right of use and development of the southeastern Attica port's sports fields, buildings and facilities through a 60-year concession it has signed with the Greek state.

It was decided that the Hellenic Corporation of Assets and Participations (EESYP), widely known as Hyperfund, was to be established in August 2015 as part of the agreement with the country's European lenders for the 86-billion-euro loans of the third bailout agreement.

The initial public offering of a 30% stake in Athens International Airport, Greece's largest gateway for tourists, attracted strong demand, the airport said on Friday, marking the first successful launch of a major IPO in Europe this year.

Sani Development and Tourism Company SA was declared the highest bidder for the development of the property Sani-Kassandra on the Halkidiki peninsula by the Hellenic Republic Asset Development Fund (TAIPED), a member company of the Growthfund, the National Fund of Greece, on Monday.

Greece is planning an initial public offering (IPO) for Athens International Airport, the country's biggest, on the Athens Stock Exchange next month, two sources with knowledge of the plan said on Wednesday. A draft law completing the necessary institutional prerequisites for the listing cleared Parliament on Thursday.

The board of directors of the Hellenic Republic Asset Development Fund (TAIPED) on Wednesday announced it had received only one bid in a tender for the concession of port operation services (berthing and other services) and the right to use, operate, manage and develop Argostoli Marina. 

The tender for the new 25-year concession of Attki Odos attracted record-level financial offers, but the highest binding financial offer among the six candidates that participated in the process was submitted by GEK Terna.