The Hellenic Republic Asset Development Fund (HRADF) has announced that it received 2 offers for the acquisition of a majority stake of at least 67% of the share capital of the company Heraklion Port Authority (HPA S.A.).

The following investment schemes have been submitted:

• A consortium composed of the companies GEK TERNA S.A. – AVIAREPS HELLAS S.A. – NECTAR HOLDINGS LTD;
• A consortium composed of the companies Grimaldi Euromed S.p.A. & Minoan Lines S.A.

Evaluation of submitted proposals will begin immediately, and technical applications of interested investors will be opened on April 26. Deloitte Business Solutions - Euroconsultants acted as financial advisor, Fortsakis - Diakopoulos - Mylonogiannis & Associates Law firm as legal advisor and Doxiadis Associates, Consultants on Development and Ekistics S.A. as technical advisor.