The Hellenic Republic Asset Development Fund (HRADF) has announced it has decided to relaunch the international tender for the sale of 100% stake in TrainOSE.
HRADF’s goal is to raise the investor’s interest on TrainOSE, which currently operates as the sole provider of rail services in Greece. Each interested party wishing to participate in the tender process should express its interest from 1 February 2016. The submission of the binding offers must take place until 26 April 2016.
TrainOSE provides traction services for the rail transportation of passengers and freight, the development, organisation and exploitation of urban, suburban, regional, extra-urban and international railway transportation of passengers and freight, as well as bus transportation, combined transportation of passengers and freight and the provision of logistics services.
The process to privatise TrainOSE and Rosco was lauched in 2013. At the time, HRADF received firm expressions of interest from SNCF, Russian Railways (RZD) – GEK Terna, Grup Feroviar Roman (part of Grampet Group Romania) for a 100% stake in the operator. Alstom, Siemens and RZD-GEK Terna consortium expressed an interest in acquiring Rosco.
Download the Relaunch Process Letter