Hellenic Republic Asset Development Fund

Nine groups submitted a letter of interest in the full ownership of DEPA Infrastructure, a new company to be created by the partial division of the Greek public natural gas company's (DEPA) infrastructure section, by the deadline on Friday.

State sell-off fund TAIPED has recorded strong investor interest in the concession of DEPA Infrastructure, the Public Gas Corporation offshoot that includes only the utility's infrastructure and of which 65 percent belongs to the state and 35 percent to Hellenic Petroleum.
The fund expects at least seven to eight bidders in the first stage of the tender.

Greece's privatization agency TAIPED is planning a series of selloffs over and beyond the scheduled sale of 30 percent of the firm managing the capital's international airport and of 100 percent of gas distribution network DEPA Infrastructure in  order for the government to achieve the target set by international creditors of 2.4 billion euros, TAIPED's executive president Aris Xenofos has said

After DEPA Infrastructure, the company that has undertaken the natural gas transmission network, it is now time for the privatization process of DEPA Commercial to start. Sources say that, by Friday, state privatization fund TAIPED will have published an invitation for expressions of interest in the sale of the state's 65 percent stake in the gas trading company.

Greek privatization fund TAIPED is sticking to its 2.4-billion-euro target for revenues from state asset utilization next year, but the Infrastructure Ministry announced on Wednesday that the submission of offers for Egnatia Odos will be postponed by four months.

Greek state privatization fund HRADF or TAIPED) on Tuesday announced that 10 investment schemes have expressed their interest for a 30 percent stake in Athens International Airport (AIA), owned by the fund.

The government and state sell-off fund TAIPED have agreed to two simultaneous but not interconnected tenders for the concession of the port authorities of Alexandroupoli (pictured) and Kavala, to be announced in the first quarter of 2020 in the context of the new privatizations program.

After appointing new administrations to the port authorities of Volos, Kavala, Igoumenitsa and Corfu, state sell-off fund TAIPED is expected to decide by end-October on the utilization of another 10 regional ports, including Alexandroupoli.

The transformation of Public Gas Corporation (DEPA) is back on the table ahead of crucial decisions for the privatization of the utility that is 65 percent owned by the state privatizations fund (TAIPED) and 35 percent owned by Hellenic Petroleum (HELPE).

Greece's Asset Development Fund (HRADF), the subsidiary of the agency managing state properties whose role is to manage privatizations and find interested investors, is considering privatizing, or turning over the management of to private operators, 10 Greek ports.