Contract for sale of Greek rail operator to Italy’s Ferrovie dello Stato Italiane signed

18 January 2017
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A contract to sell-off 100 percent in the state-run rail operator’s shares to Italy’s Ferrovie dello Stato Italiane SpA was reportedly finalized on Wednesday.

The sale, via an international tender, was a memorandum-mandated privatization that the current leftist Greek government was obliged to implement, as part of the third memorandum.

The sale of Trainose to the Italian operator had been delayed by a pending Court of Audit review, which finally materialized this week.

According to the previous head of Greece’s privatization fund (TAIPED) on Tuesday, current Deputy Economy Minister Stergios Pitsiorlas, Ferrovie dello Stato Italiane is also interested in bidding for the rolling stock maintenance company. Another international tender for the latter expires on Jan. 30, 2017, after the previous process was declared null and void.

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