The Hellenic Republic Asset Development Fund (HRADF) was established in 2011 to privatize public assets in order to contribute to the reduction of public debt. Its mission, in close cooperation with the Greek Government, is to attract direct investment to maximize revenues for the State, according to the country’s international obligations and the Medium-Term Fiscal Strategy, having full responsibility for the implementation of the respective policy.
Whilst the statutes of the Fund focus on increasing proceeds to repay State debt, significant thought and care is taken to maximize value to all stakeholders including local communities, the relevant industries and the investors – it is of great importance to the Fund to ensure that FDI flows in the country increase and to this end it is critical that investors who acquire State assets are successful.
The Fund’s asset portfolio is quite diverse as it includes both companies and physical assets in a wide range of sectors and industries, such as ports, marinas, water supply companies, energy / gas companies, highways, airports as well as real estate assets.
HRADF secures the privatization process by operating under strict values and established principles – namely: clarity, transparency and efficiency. HRADF has streamlined processes and is now certified by ISO 9000:2015 & 27001:2013. Furthermore, the Fund engages actively with all stakeholders to eliminate administrative and technical barriers, expedite processes and support the investors.
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