The Hellenic Corporation of Assets and Participations was established in May 2016 by law 4389.
The Corporation operates in the public interest, and is set up for serving a specific public purpose. In particular, the Corporationis responsible for the asset management and full exploitation of assets in order to contribute to: a) the economic development of the country through investment and b) the country’s financial obligations impairment.
Its main purpose is to group Greek State assets (participations in public undertakings and real estate assets) and make the best possible use.
To fulfil its purpose, the Corporation acts in an independent, professional and entrepreneurial manner with a long-term perspective in the achievement of results, in accordance with its Rules of Procedure, guaranteeing full transparency, with the aim of enhancing the value and improving return on the aforementioned assets, as well as generating revenue that shall be allocated pursuant to the provisions of law 4389/2016.
The Corporation further promotes reforms in public undertakings, including through restructuring, optimal corporate governance and transparency, as well as accountable administration, social responsibility, sustainability, innovation and best corporate practice.