The board of Greece’s privatization fund on Friday again extended a deadline for submission of binding offers for the sale of 100 percent of a state-owned rolling stock maintenance company, citing a relevant request by an interested investor.
The board of Greece’s privatization fund on Friday again extended a deadline for submission of binding offers for the sale of 100 percent of a state-owned rolling stock maintenance company, citing a relevant request by an interested investor.
The Hellenic Republic Asset Development Fund (HRADF) as it is officially known said a deadline for an expression of interest has been bumped to Jan. 30, 2017.
In October, Italian rail operator Ferrovie dello Stato Italiano SpA and Skoda Transportation AS submitted official interest for the 100-percent stake of ROSCO (EESSTY) SA, the state-run railway rolling stock maintenance provider.
The previous deadline for the submission of binding offers was Dec. 5, 2016.
ROSCO, or Essty S.A. in its Greek-language form, was established in 2013 when the wholly state-owned and managed Hellenic Railway Organization (OSE) was broken up. The breakup of OSE yielded the rail operator, Trainose, and Ergose, the construction arm of the rail company.
OSE still owns, maintains and operates all railway infrastructure in the country.