Greece’s privatization agency, the Hellenic Republic Asset Development Fund (HRADF), on Friday announced that it has received one binding offer for the long-term leasing of Greek state assets managed by the under-receivership ferro-nickel production company Larco.
The binding bid was tabled by a consortium comprised of Athens-based and ATHEX-listed GEK Terna group and AD Holdings AG.
The assets include the Larymna mine and related mining rights, a plant in Larymna, located on the eastern coast of south-central Greece, infrastructure and equipment as well as related land.
HRADF said the fund’s board of directors will immediately begin the process of evaluating the bid.
The center-right Mitsotakis government has repeatedly pledged to finalize the privatization of the metals producer, one of the biggest of its kind in Europe, but also burdened by past debts and loss-making annual results.
Conversely, much of the political opposition has aired charges of a “sell-off” and the loss of a major public sector asset.
Latest News
Bank of Greece Governor Says EU will Retaliate to Trump’s Tarrifs
The Bank of Greece Governor defended the independence of central banks amid criticism from U.S. President-elect Donald Trump, who had publicly commented on Federal Reserve Chair Jerome Powel
September in Greece Winning Tourists Over from US, Germany
Tourists continue to visit Greece off-season into Sept. with the number of inbound travelers up by 6.6% and a 7.9% rise in travel receipts.
Bitcoin Surges Toward $100K Amid Pro-Crypto Optimism in US
According to Reuters, the cryptocurrency surged to an all-time high, briefly exceeding $96,898 during Asian trading hours.
Greek Driver Violations at a Touch of a Button
Traffic offences recorded in the last five years by Greece’s “Driver Behavior Control System” are now available on Gov.gr Wallet
Milan Tops List of Most Expensive Streets, Athens’ Ermou Holds Steady at 15th Place
In Athens, following Ermou Street is the southern suburb of Glyfada and Tsimiski Street in Thessaloniki.
New Gov.gr Service Enables Secure Reporting of Minor-Related Delinquency
It should also be noted that via the recently introduced initiative ‘Safe Youth’ application citizens have access to specially tailored informative material regarding the safety of children and adolescents
Thousands Strike in Athens Over Soaring Living Costs and Stagnant Wages
Inflation, particularly in food prices, has been crushing Greek households
Greece Overhauls Property Valuation System
Greece plans to launch a revamped property value registry in 2025 and overhaul the way objective values are calculated to enhance tax revenue and improve transparency.
Greece’s New Tax Bill Foresees Tax Relief Beyond Big Business
Tax relief measures in Greece are proposed for freelancers, property owners and farmers, along with 'big business'
Unions Call Nationwide Industrial Strike for Wed.
Mass transits are usually affected, especially in the greater Athens-Piraeus area, although bus and metro services are curtailed but not fully halted