Hellenic Republic Asset Development Fund (HRADF) heldits first
meeting of the Board of Directors since May 15, 2012, directed at the
acceleration the Greek privatization process.
The meeting
reached several key decisions and the board is able to announce progress on its
Hellinikon, IBC Athens, DEPA-DESFA, Afantou, Rhodes and Kassiopi, Corfu
assets.
1.
Four
international investors have been pre-selected to participate in the second
phase of the tender process for the sale up to 70% of shares of "Hellinikon
SA."
T
hey are
Elbit Cochin Island Ltd, Lamda Development SA, London and Regional
Properties and Qatari Diar Real Estate Investment Co.
QSC.
2.
NCH New
Europe Property Fund II LP and NCH Balkan Fund LP have been pre- selected to
participate in the second phase of the tender process for the development of a
land plot in Kassiopi, Corfu.
3.
Six
international
investors
have been pre-selected to participate in the second phase of the tender process
for the development of a land plot in Afantou Rhodes.
They are
Atlantica Hellas, SA, Lamda Developments SA,
London
& Regional Properties Ltd, Minoan Group PLC, NCH Capital inc and T.E.MES
SA.
4.
The Board of
Directors finalized the notary act for the establishment of usufruct on the
right to manage and exploit the International Broadcasting Centre (IBC) for a
period of 90 years. Pre-selected investors will be invited to submit their
financial offers.
5.
The Board
of Directors also
approved the
contract between HRADF and PPC waiving the right of PPC to acquire up to 30%
stake in DEPA in exchange of a cash consideration.
6.
It has
approved the terms of the First Phase of the tender process for the
privatization of DEPA and DESFA.
7.
Approval was
additionally given on the Memorandum of Understanding between HRADF and the
National Bank of Greece for the integrated exploitation of the property in
peninsula "Mikro Kavouri" , Vouliagmeni Athens.
Next HRADF’s
BoD is set for September 19, 2012.