Greece’s privatization fund (HRADF) has reportedly requested an imporved offer by private rail operator Trainose for the acquisition of a state-controlled entity that provides rolling stock maintenance and railroad availability services in the country.
The public-owned company is known by its Greek-language acronym of EESSTY S.A., or “ROSCO” using English language initials.
Trainose has submitted the only bid for 100 percent of the company’s shares.
Trainose was itself bought from HRADF by Ferrovie Dello Stato Italiane for 45 million euros last September, part of an ongoing memorandum-mandated privatization program in Greece.
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Photo Source: Wikimedia Commons Copyright: K. Krallis License: CC-BY-SA
Source: naftemporiki.gr
