Italian railways Ferrovie dello Stato Italiano SpA and Skoda Transportation AS were the two investment groups which submitted expression of interest for the purchase of 100 pct stake of Rosco SA, the Greek railway rolling stock maintenance company, Hellenic Republic Asset Development Fund (HRADF) said on Monday.
HRADF’s advisors will evaluate, per terms and criteria stipulated in the Process Letter, the above Expressions of Interest and submit to HRADF’s Board of Directors their recommendation as to which candidates qualify for the next phase, which includes the access to detailed information about the asset (virtual data room) and the terms of the transaction.
The deadline for the submission of binding offers is set for December 5, 2016.
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