Italy’s state-owned company Ferrovie dello Stato Italiane S.p.A was the only bidder for the privatization of Greek railways operator TRAINOSE, according to HRADF.
Hellenic Republic Assets Development Fund, Greece’s privatization fund, announced in a statement on Wednesday: “The procedure for the submission of binding offers for the sale of 100 percent stake in TRAINOSE SA. and EESSTY SA. (“ROSCO”), the rolling stock maintenance company, was completed today.”
A group of experts from Ferrovie dello Stato Italiane had visited to inspect the facilities and systems of TRAINOSE. After that, the Italian company submitted an offer. The HRADF board of directors will convene to consider the next steps, as no binding offers were submitted for ROSCO.
An international tender early in the year was annulled “in order to attract bigger interest by investors,” according to an official statement at the time.
Russian railway company RZD had expressed interest earlier, however no bid was made during the recent tender.
The fund’s board of directors will convene to consider the next steps, as no binding offers were submitted for ROSCO.
The Greek government aims at raising at least 2.5 billion euros from its privatization program this year as part of the effort to bring the economy back on track.
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