HRADF cancels sale of Alexandroupolis Port Authority

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The Hellenic Republic Asset Development Fund (HRADF) has announced the cancellation of the tender procedure for the sale of a majority percentage of the share capital of the Alexandroupolis Port Authority S.A. Port Authority of Alexandroupolis is a one-share, public benefit limited company with the HRADF as the sole shareholder.

HRADF also announced the lease of the public mines of Larymna and Loutsi which are under the management of LARCO General Mining and Metallurgical S.A under the declaration as Preferred Investor of the joint venture consisting of the companies GEK TERNA – AD Holdings AG. 

HRADF also announced the long-term lease of 40 years of the property Loutropolis Kamena Vourla under the financial offer submitted on October 31 by the investment scheme consisting of the companies GALINI HOTEL TOURISM AND COMMERCIAL ENTERPRISES S.A. and STARITEM INVESTMENTS PLC. The 474,524 sq.m. property includes the facilities of the hotel Galini, the hydrotherapy center Hippocrates, hotels Radion and Thronion and the monument hydrotherapy Asklipios. The financial return for Loutropolis Kamena Vourla includes a one-off payable amount of at least EUR1 million (US$1 million) and an annual rent.

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