The transfer of state-owned EESSTY (ROSCO) S.A., which provides rolling stock maintenance and railroad availability services in Greece, to Trainose was completed on Monday.
Trainose, a subsidiary of Ferrovie Dello Stato Italiane S.p.A., purchased all of the company’s shares for 22 million euros.
An announcement by Greece’s privatization agency, HRADF, hailed the development, saying the issue of state and EU subsidies towards the country’s loss-making rail entities has finally concluded, allowing the specific transports sector in the country to proceed freely and in a competitive manner.
