HRADF launches sale of 67% stake in Heraklion Port Authority

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The Hellenic Republic Asset Development Fund (HRADF) has launched an international public tender for the development of the port of Heraklion, Crete.
The tender process for the Heraklion Port Authority (HPA) includes the sale of a majority stake of at least 67% in the company's share capital. HPA has the right to exclusively use and operate the buildings, land and facilities of the port land-side zone of Heraklion's port by virtue of a concession agreement with the Hellenic Republic.
The tender process will be held in two phases:

  • Submission of expressions of interest and prequalification of interested parties;
  • Submission of binding offers and selection of the preferred investor.

HRADF has appointed Deloitte Business Solutions as a financial advisor, Your Legal Partners as a legal advisor, Doxiadis
Associates as a technical advisor and Port Consultants Rotterdam as a commercial advisor.

The deadline to submit the expression of interest is on July 30, 2021. More information about the tender can be found on our business page here

Share this update