Athens, August 26, 2022
HRADF: Submission of one  binding offer for the lease of smelting plant, mines & relevant mining rights owned by the Hellenic Republic & formerly managed by Larco General mining & metallurgical s.a..
HRADF, a member company of the GROWTHFUND – The National Fund of Greece, received today, 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).
For more information and updates, please refer to the Hellenic Republic Asset Development Fund’ s website (www.hradf.com).