Train­ose sale is for­mally signed

Kathimerini English - - Focus - VANGELIS MANDRAVELIS

The sale of 100 per­cent of rail­way ser­vices op­er­a­tor Train­ose to Fer­rovie dello Stato Ital­iane (FSI) was for­mally signed in Athens yes­ter­day, in the ab­sence of any cab­i­net mem­bers or jour­nal­ists, com­plet­ing a cru­cial pri­va­ti­za­tion project that rids the state of a loss-mak­ing en­tity.

The hold­ing com­pany that man­ages in­fra­struc­ture and ser­vices on the Ital­ian rail net­work will pay a to­tal of 45 mil­lion eu­ros for the trans­ac­tion, which is pend­ing the ap­proval of the Euro­pean com­pe­ti­tion au­thor­i­ties – with the mat­ter of the state sub­sidy con­cern­ing Train­ose’s 700-mil­lioneuro debt to par­ent firm OSE re­main­ing un­re­solved.

The sig­na­to­ries yes­ter­day were state sell-off fund TAIPED’s chief ex­ec­u­tive of­fi­cer An­to­nis Leousis and his FSI coun­ter­part Re­nato Maz­zoncini, while Trans­port Min­is­ter Chris­tos Spirtzis – who had re­peat­edly voiced his op­po­si­tion to the sale of Train­ose – was con­ve­niently out of the coun­try, on a visit to Rus­sia.

In a state­ment FSI said that the ac­qui­si­tion of Train­ose forms part of the strate­gic plan for the ex­pan­sion of the Ital­ian group in Europe. “It is also an op­por­tu­nity for growth for the Greek rail­ways that can count on the know-how and ex­pe­ri­ence of the Ital­ian State Rail­ways,” the state­ment added.

Fer­rovie dello Stato Ital­iane will pay a to­tal of 45 mil­lion eu­ros to ac­quire 100 per­cent of Train­ose.

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