HRADF: “REDS SA” is declared as the First Eligible Investor for the Gournes property 

The Board of Directors of the Hellenic Republic Asset Development Fund (HRADF), a member of the HCAP Group, convened today and approved the result of the electronic auction (e-Auction) of improved financial offers for the development of part of the former U.S. base in Gournes, Heraklion, Crete. 

HRADF’s BoD nominated “REDS S.A.” as the First Eligible Investor, as it has been the highest bidder of the e-Auction process, with a total consideration of €42.237.679,20 (NPV of €40.2 million).

For more information, please refer to the attached document.