HRADF sees 2.4 billion euro revenues in 2020

Hellenic Republic Asset Development Fund (HRADF) expressed optimism that the 2.4 billion euro revenue target will be met next year.

HRADF chairman Aris Xenofos and managing director Richardos Lampiris said in a meeting with journalists on Wednesday that the exact amount of money to be received will be determined by the four privatisations – El. Venizelos, DEPA Infrastructure, Natural Gas Commmerce and Hellenic Petroleum (ELPE). However, they expressed their certainty that the revenues will be higher than 2018-2019, that is 2 billion euros.

HRADF will have completed the evaluation of the proposals for the purchase of 30 pct of former Helliniko airport by early 2020. The bidding process for the sale of 100 pct of DEPA Infrastructure is underway, with deadline February 14, 2020. The management of the Fund estimates that there will be great participation.

At the end of January, there will be a call for expression of interest for the sale of 65 pct of DEPA Commerce (35 pct of the company belongs to ELPE).

Tenders for the concession or sale of the ports of Kavala, Alexandroupolis and Igoumenitsa are also planned for next year, while the tender for Kavala Underground Gas Depot is expected in the first half of 2020.