The Hellenic Republic Asset Development Fund (HRADF) has announced that the procedure for the submission of binding offers for the sale of 100% stake in TrainOSE SA. and EESSTY SA. (ROSCO) was completed today. Regarding TRAINOSE, a binding offer was submitted by Ferrovie Dello Stato Italiane S.p.A. The relevant procedure described in the process letter of the tender will commence immediately. No binding offers were submitted for EESSTY (ROSCO). HRADF’s Board of Directors will convene in order to consider next steps.
TrainOSE currently operates as the sole provider of rail services in Greece. TrainOSE also 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.
The privatisation procedure was put on halt and relaunched in January this year. By the April 15 deadline, three investors submitted expressions of interest in TrainOSE’s privatisation: Italian state railway group Ferrovie dello Stato Italiane SpA, Russian Railways (RZD) and Gek Terna Societe Anonyme Holdings Real Estate Constructions.