GEK Terna Group and AD Holdings A.G. file binding offer to lease HRADF's assets
GEK Terna Group and AD Holdings A.G. file binding offer to lease HRADF's assets
  Investments  |  Economy  |  Projects  |  Greece

GEK Terna Group and AD Holdings A.G. file binding offer to lease HRADF's assets

RE+D magazine
26.08.2022

HRADF, a member company of the GROWTHFUND – The National Fund of Greece, received on August 26, 2022, one binding offer for the lease of assets belonging to the Hellenic Republic and formerly managed by Larco General Mining & Metallurgical S.A.

These assets include (a) the Larymna mine, i.e. the mining rights in Larymna along with the smelting plant, plots of land, installations and equipment and (b) the Loutsi mine, i.e. mining rights together with plots of land and installations.

The binding offer was submitted by the consortium composed of the companies “GEK Terna Group” and “AD Holdings A.G.”.

The evaluation process will begin immediately and will be in line with the terms specified in the process letter of the international tender, which is run by HRADF within the framework of DG Competition decision Nr. C (2014) 1818 final/27.03.2014, and according to the Joint Ministerial Decision No. 114545/10967/27.11.2020 of the Minister of Finance and the Minister of Energy & Environment (GG B’ 5254/28.11.2020), issued pursuant article 21 par. 11 of the Greek Law 4664/2020 (GG A’ 32/14.02.2020).