Only one bid for Train­ose and none for Rosco

Kathimerini English - - Front Page -

Italy’s state rail­way com­pany looks poised to buy Greece’s rail­way op­er­a­tor Train­ose af­ter be­ing the sole bid­der for the group, which is be­ing sold un­der the gov­ern­ment’s pri­va­ti­za­tion pro­gram. Pri­va­ti­za­tions are a con­di­tion of Greece’s lat­est in­ter­na­tional bailout but the coun­try’s pro­tracted eco­nomic cri­sis has sapped in­vestor in­ter­est and Athens had pushed back the orig­i­nal

Forth­net chief ex­ec­u­tive Panos Pa­padopou­los (l) and ZTE Hel­las CEO Deng Chao signed a plan to fund and de­velop a next-gen ac­cess net­work in Greece, in the pres­ence of (l-r) ZTE PR and for­eign af­fairs di­rec­tor Yu Hai, Greek Prime Min­is­ter Alexis Tsipras, ZTE se­nior vice pres­i­dent Chen Jie and ZTE vice pres­i­dent Li Ming. dead­line for bind­ing bids for Train­ose three times this year. Fer­rovie dello Stato sub­mit­ted a bind­ing bid by the time the dead­line ex­pired yes­ter­day, Greece’s sell-off agency TAIPED said in a state­ment. Two other po­ten­tial in­vestors, Rus­sian Rail­ways and Greek con­struc­tion group GEK-Terna, which ex­pressed non-bind­ing in­ter­est in April, dropped out. Rus­sian Rail­ways said in a state­ment that it didn’t make an of­fer be­cause the in­for­ma­tion cur­rently avail­able, in­clud­ing on sev­eral key as­pects of Train­ose’s ac­tiv­i­ties, didn’t al­low it to fully as­sess the com­pany’s cur­rent health and fu­ture prospects. It said it would con­tinue to look at other pos­si­bil­i­ties to team up with Greek part­ners. Sources close to the process have said Athens ex­pected to earn 50 mil­lion euros from the sale of Train­ose and rail main-


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