Two suitors emerge for Greek railway rolling stock maintenance provider

Tuesday, 18 October 2016 12:38

Italian rail operator Ferrovie dello Stato Italiano SpA and Skoda Transportation AS have submitted official interest in a tender for the 100-percent stake of ROSCO SA, the state-run railway rolling stock maintenance provider, the Hellenic Republic Asset Development Fund (HRADF or TAIPED) announced on Monday.

A deadline for the submission of binding offers is 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, Ergose, the construction arm of the rail company and ROSCO, among others.

OSE still owns, maintains and operates all railway infrastructures in the country.