Tuesday, October 18, 2016

FS and Škoda vie for Greek train maintenance business

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GREEK privatisation agency the Hellenic Republic Asset Development Fund (HRADF) announced on October 17 that Italian State Railways (FS) and Škoda Transportation have submitted expressions of interest (EOI) for the sale of a 100% stake in Hellenic Company for Rolling Stock Maintenance (Rosco).

HRADF says its advisors will now evaluate the EOIs submitted by the candidates and determine whether the two companies qualify for the next phase of the process, which includes access to detailed information about Rosco’s assets and the terms of the transaction.
A December 5 deadline has been set for the submission of binding offers.

In July the board of HRADF voted to accept a €45m binding offer from FS for the privatisation of Greek national train operator Trainose.