March 19, 2018

Trainose submits only bid for Greek train maintenance company

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GREEK privatisation agency the Hellenic Republic Asset Development Fund (HRADF) says national train operator Trainose has submitted the only bid in the sale of a 100% stake in Hellenic Company for Rolling Stock Maintenance (Rosco).

Before it completed its acquisition of Trainose last year, Italian State Railways (FS) submitted an expression of interest (EOI) in the sale. Škoda Transportation also submitted an EOI.

HRADF says it has now begun the bid evaluation process.

The deadline for submission of binding offers has been extended five times since the sale entered the EOI stage in October 2016.

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