Next week will likely see the conclusion of the sale of Greek railway service operator Trainose, while the contract for the sale of 67 percent of Thessaloniki Port Authority (OLTH) has been put off until September.
Greek state sell-off fund TAIPED is said to have received a few days ago a response from Trainose’s prospective buyer, Ferrovie dello Stato Italiane, on the final touches to the transaction contract, including a provision that the public service subsidy will not exceed 50 million euros per year including value-added tax.
Once the ministerial decision on that detail is published on the Government Gazette – probably within the next few days – Ferrovie will pay the price of 45 million euros to TAIPED and acquire Trainose.
OLTH’s case will have to wait, though, as the State Audit Council is unlikely to finish its examination of the concession contract within the summer. This should happen in September, so that the sale and purchase agreement can be signed.
Even then the deal will require the approval by the competent authorities, as it will require the green light from the Competition Commission and the contract will need to get the Parliament’s ratification, expected by November. Therefore TAIPED expects the price of 232 million euros to be paid by year-end.
Read more here.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: Wikimedia Commons Copyright: K. Krallis, SV1XV License: CC-BY-SA
Source: ekathimerini.com
