HRADF: €40.2 million the improved financial offer for the Gournes property

“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.