Private company

HRADF

Logo: hradf.com3

Greek government-owned company

The Hellenic Republic Asset Development Fund (HRADF; Greek: Ταμείο Αξιοποίησης Ιδιωτικής Περιουσίας του Δημοσίου, ΤΑΙΠΕΔ)was a Greek state-owned asset management company that controls a number of state owned enterprises. It is a direct subsidiary of the Hellenic Corporation of Assets and Participations. HRADF exploits the assets of Greece that have been assigned to it and manages the implementation of the privatization program in Greece, specifically, the implementation of the Asset Development Plan (ADP).2 Wikipedia text CC BY-SA 4.0

Last updated Oct 20, 2026.

Overview

Jul 1, 2011Founded1
  • Industryasset management1
  • HeadquartersAthens1
  • Websitewww.hradf.com
  • Legal formjoint-stock company1

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The Hellenic Republic Asset Development Fund (HRADF; Greek: Ταμείο Αξιοποίησης Ιδιωτικής Περιουσίας του Δημοσίου, ΤΑΙΠΕΔ)was a Greek state-owned asset management company that controls a number of state owned enterprises. It is a direct subsidiary of the Hellenic Corporation of Assets and Participations. HRADF exploits the assets of Greece that have been assigned to it and manages the implementation of the privatization program in Greece, specifically, the implementation of the Asset Development Plan (ADP). Its successor is Growthfund since January 1, 2025.2

Corporate structure

HRADF sits at the top of its group. 27 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • HRADF Athens
    • EYDAP Subsidiary · Galatsi
    • Public Power Corporation SA Stake · 34.12% · Athens, Greece
      • ENEL TRADE ENERGY 100% · București, Sectorul 3, Romania
      • Retele Electrice Romania 82% · București, Sectorul 3, Romania
      • Hellenic Electricity Distribution Network Operator Subsidiary
      • Kotsovolos Subsidiary · Athens
      • PPC Romania Subsidiary · Bucharest, Romania
      • PPC RENEWABLES ROMANIA S.R.L. Subsidiary · 100% · București, Sectorul 3, Romania
      • PPC ENERGIE S.A. Subsidiary · 78.57% · București, Sectorul 3, Romania
      • DEI Blue Subsidiary · Greece
      • DEI E-MONEY SERVICES SINGLE MEMBER S.A. (ΔΕΗ E-MONEY SERVICES ΜΟΝΟΠΡΟΣΩΠΗ ΑΝΩΝΥΜΗ ΕΤΑΙΡΕΙΑ) Subsidiary · Marousi, Greece
      • DEI OPTIKES EPIKINONIES MONOPROSOPI ANONIMI ETERIA (ΔΕΗ ΟΠΤΙΚΕΣ ΕΠΙΚΟΙΝΩΝΙΕΣ ΜΟΝΟΠΡΟΣΩΠΗ ΑΝΩΝΥΜΗ ΕΤΑΙΡΕΙΑ) Subsidiary · Athens, Greece
      • DIAHEIRISTHS ELLHNIKOY DIKTYOY DIANOMHS HLEKTRIKHS ENERGEIAS Subsidiary · Athens, Greece
      • ENERGI DELIVERI SOLUTIONS AD Skopje (ЕНЕРЏИ ДЕЛИВЕРИ СОЛУШНС АД Скопје) Subsidiary · Skopje, North Macedonia
      • PPC TRADING MONOPROSOPE ANONYMI ETAIREIA (PPC TRADING ΜΟΝΟΠΡΟΣΩΠΗ ΑΝΩΝΥΜΗ ΕΤΑΙΡΕΙΑ) Subsidiary · Athens, Greece
    • Telekom (Greece) Stake · 5% · Marousi, Greece
      • MagentaTV Greece Subsidiary · 100% · Athens
      • OTEGlobe Subsidiary · 100% · Athens
      • Telekom Romania Mobile Subsidiary · 100% · Bucuresti - Sectorul 6, Romania
      • One Albania Subsidiary · 99.97% · Tirana
      • Otenet Subsidiary · Athens
      • COSMOTE PAYMENTS - YPIRESIES ILEKTRONIKOU CHRIMATOS ANONYMOS ETAIREIA Subsidiary · Marousi, Greece
      • OTE Museum of Telecommunications Subsidiary · Kifisia Municipality, Greece
      • OTE PLC Subsidiary · London, United Kingdom

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What HRADF reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

Products and brands

Infrastructure

Public Power Corporation S.A. (government retains 34.12% owned by Greek government)

Piraeus Port Authority (government retains 7.14%)

Thessaloniki Port Authority (government retains 7.27%)

Marinas of Hydra, Poros and Epidavros

Read the full text

Marinas of Chios and Pylos

Athens International Airport (government retains 25%; privatisation of 30% stake held by the Hellenic Republic Asset Development Fund is in progress)

Schinias Olympic Rowing and Canoeing Centre

Markopoulo Olympic Equestrian Centre

Galatsi Olympic Hall

South Kavala Natural Gas Storage

Corporate

Hellenic Petroleum (35.5%)

Hellenic Post

Public Gas Corporation

Land development

Boutique Hotels

Kassandra Golf (Kassandra)

Peace and Friendship Stadium

From Wikipedia’s article on Hellenic Republic Asset Development Fund, shared under CC BY-SA 4.0.4

Subsidiaries and ownership

Owners

  • Greece

Also owns

From Wikidata.1

Acquisitions

  1. 2021Acquired Public Power Corporation SA1

Timeline

  1. Jul 1, 2011Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
    Company websiteHRADF logo
  4. 4