ITALIAN State Railways (FS) has moved a step closer to acquiring Greek national train operator Trainose after the board of the Hellenic Republic Asset Development Fund (HRADF), which is responsible for managing privatisation of state-owned assets in Greece, voted to accept the company's €45m binding financial offer.

THE Hellenic Republic Asset Development Fund (HRADF) announced on July 6 that Italian State Railways (FS) has submitted the only binding bid for the sale of 100% of the share capital in Greek national train operator Trainose.

THE privatisation of Greece's national train operator Trainose is set to resume after the board of the Hellenic Republic Asset Development Fund (HRADF) gave the go-ahead on January 20 for a new international tender for the sale of 100% of the company's share capital.

THE privatisation of Greece's national train operating company Trainose and Hellenic Company for Rolling Stock Maintenance (Rosco) is set to restart after the board of directors of the Hellenic Republic Asset Development Fund (HRADF), which is managing the sale, agreed on August 13 to set a December deadline for binding offers.

GREECE's newly-elected leftist government has announced it is to carry out a review into the country's rail privatisation programme, which is in its final stages.

MORE than three years after Greece was severed from the European passenger rail network, Greek national train operator Trainose restored international services from Thessaloniki to Bulgaria, Macedonia, and Serbia on May 10.

GREECE'S Hellenic Republic Asset Development Fund (HRADF) announced on October 31 that three bids for the sale of national train operating company Trainose have qualified for the final stage of the privatisation process.

GREECE's Hellenic Republic Asset Development Fund (HRADF) has launched an international tender for the privatisation of state-owned train operator Trainose.