“REDS S.A.” is the highest bidder for the development of part of the former U.S. base in Gournes, Heraklion, Crete, through the process of the electronic auction (e-Auction) conducted by the Hellenic Republic Asset Development Fund (HRADF), a member of the HCAP Group.
The e-Auction was conducted today under full transparency that attracted competitive biddings. Total consideration for the Fund is €40.2 million (NPV) offered by “REDS S.A.”.
The Board of Directors of HRADF will soon convene to ratify the e-Auction process result.
For more information, please refer to the attached document.