Bids for the Hellenic Company for Rolling Stock Maintenance are opened. Greece’s asset sell-off fund TAIPED has granted a second extension for bids for the acquisition of a 100-percent stake in rail operator Trainose, setting the new deadline for July 6.
The same date has also been assigned for bids for the Hellenic Company for Rolling Stock Maintenance (Rosco). Following the submission of relevant requests by interested investors, the Board of Directors of HRADF resolved to amend the timetable for the submission of Binding Offers for the sale of the 100% stake in TRAINOSE and EESSTY (ROSCO). New deadline for submission of Binding Offers for both Companies is July 6, 2016.
TAIPED said that the extension was granted on the request of one of the companies bidding for the Greek national rail operator. Sources said the company in question is Italy’s Ternitalia, which appears to be the preferred bidder in the competition, which also includes Russia’s RZD and Greek construction firm GEK-Terna.
Sources also suggested that RZD may pull out of the race following the European Union’s decision to extend sanctions over the annexation of Crimea.
About Hellenic Company for Rolling Stock Maintenance
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.