Hellenic Republic Asset Development Fund

Another costly chapter in the lengthy and tumultuous history of state mining company Larco has been added by the liquidation project to find an investor.

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

Greek-American expatriate billionaire businessman and investor Dean Metropoulos has denied any involvement in the acquisition of a 32-million-euro, 44-hectare property in Kassiopi, Corfu.

"I can assure you that [the claim] is completely unfounded," he said in a letter to Kathimerini following a report published in the newspaper last week.

Greek-American expatriate billionaire businessman and investor Dean Metropoulos is expected to acquire a 44-hectare property in Kassiopi on Corfu that formed the first privatization conducted as a result of the Greek debt crisis.

It is understood that a sale price of €32 million has been agreed and that bank financing for the project is pending.

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.

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.

A draft law marking the completion of the necessary institutional prerequisites so that Athens International Airport (AIA) shares can be traded on the Athens Stock Exchange was tabled in Parliament on Friday.

The concession of the necessary land for the creation of an "urban promenade" along Athens' southern coastal avenue was sealed on Monday with an agreement between the Hellenic Public Properties Company (ETAD), and the Region of Attica.

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.