FSI-controlled Trainose, the dominant and previously state-owned rail operator in Greece, on Tuesday submitted a binding offer for the 100% acquisition of another state-controlled entity that provides rolling stock maintenance and railroad availability services.
Trainose submitted the bid for the company, known by its Greek-language acronym of EESSTY S.A. or “ROSCO”, with Greece’s privatization agency, the Hellenic Republic Asset Development Fund (TAIPED).
ROSCO was founded in 2013 when the wholly state-owned and managed Hellenic Railway Organization (OSE) was broken up. The breakup of OSE yielded the rail operator, Trainose, Ergose, a railroad construction unit, and the former, among others.
Previous international tenders to sell-off the firm have been declared void.
Trainose was bought by Ferrovie Dello Stato Italiane for 45 million euros last September, part of an ongoing memorandum-mandated privatization program.
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Photo Source: Wikimedia Commons Copyright: K. Krallis, SV1XV License: CC-BY-SA
Source: naftemporiki.gr
