Tren­i­talia bid for Train­ose to be opened

Kathimerini English - - Focus - VANGELIS MANDRAVELIS

De­spite nu­mer­ous stops and starts, the pri­va­ti­za­tion of Greek rail­way ser­vice oper­a­tor Train­ose is pro­ceed­ing and it ap­pears there will be a pos­i­tive out­come.

Sources fa­mil­iar with the mat­ters say that de­spite the de­rail­ment ef­forts by gov­ern­ment of­fi­cials and the Train­ose board, ap­pointed by Trans­port Min­is­ter Chris­tos Spirtzis, the agree­ment for the sale of 100 percent of the com­pany will be pos­si­ble in the next two or three weeks. This will also pave the way for the an­nounce­ment of a new ten­der for the sale of rail­way car­riage main­te­nance com­pany Rosco, which failed to arouse in­vest­ment in­ter­est in early July.

Today will see the open­ing of the bid by Fer­rovie dello Stato Ital­iane SpA for Train­ose. Given that Train­ose has cash re­serves of 25 mil­lion euros, any of­fer above 40 mil­lion would be seen as sat­is­fac­tory.

How­ever, re­gard­less of the bid, state pri­va­ti­za­tion fund TAIPED will ask for it to be raised. As the money as­pect is not that im­por­tant, it is es­ti­mated that the Ital­ian firm – bet­ter known by its com­mer­cial name Tren­i­talia – will sat­isfy the Greek side be­cause it is ea­ger to ex­pand abroad.

Sources also say a new ten­der for Rosco will be an­nounced very soon, with Tren­i­talia likely to show an in­ter­est ri­val­ing France’s Al­stom and Ger­many’s Siemens.

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