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Russian Railways and FS Italiane in the race to acquire Greece’s TRAINOSE S.A

The Hellenic Republic Asset Development Fund (HRADF) has announced that three investment groups expressed their initial interest for the sale of 100% stake of TRAINOSE S.A .

The investment groups are:
• Ferrovie dello Stato Italiane S.p.A.
• Russian Railways
• GEK TERNA SOCIETE ANONYME HOLDINGS REAL ESTATE CONSTRUCTIONS

HRADF’s advisors will evaluate, per terms and criteria stipulated in the Process Letter, the above Expressions of Interest and submit to HRADF’s Board of Directors their recommendation as to which candidates qualify for the next phase, which includes the access to detailed information about the asset and the terms of the transaction (virtual data room).

The deadline for the binding offers is set for 05/31/2016.

TRAINOSE is engaged in the provision of 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 or combined transportation of passengers and freight and the provision of logistics services of any nature. The Hellenic Republic Asset Development Funds owns 100% of the share capital of TRAINOSE.

OSE (which is 100% owned by the HR), in its capacity as manager of the Greek National Railway Infrastructure, is responsible for the management, operation, exploitation and maintenance of the existing railway infrastructure, the construction and development of new infrastructure, the regulation and safety of railway traffic and other related responsibilities provided for by the applicable national and EU legislation.

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