Hellenic Republic Asset Development Fund
Greece's privatization agency, the Hellenic Republic Asset Development Fund (HRADF), on Thursday announced that it has received two binding offers for the 100 percent acquisition DEPA Infrastructure SA, in a joint sell-off with Hellenic Petroleum (Hel.Pe) group.
Binding offers were submitted by:
- EP Investment Advisors, and
- - ITALGAS SpA
The government is facing hard legislative and executive work ahead to complete the privatization projects that have been ongoing for a long time and to proceed with others that have run into problems. At the same time, it will take an extra push to start other projects concerning the privatization of state assets that have not been utilized.
Greece received one binding bid for the long-term Egnatia Odos highway concession in the north of the country, privatization agency TAIPED said on Friday.
The bidder was a consortium of GEK Terna with Egis Projects, the agency said in a statement, adding that it would not unseal the bid until a court ruled on an injunction filed by two consortiums.
Greece has pushed back by a month a deadline for investors to bid for a contract to run an underground gas storage facility in the northern Aegean Sea.
Privatisation agency HRADF (or TAIPED), which manages the concession, said late on Tuesday that it had extended the deadline for initial bids to Sept. 30 from Aug. 31, without giving a reason for the delay.