Greece’s privatization agency HRADF announced that it has received only one bid for the railway maintenance company Rosco. Greek railway service operator Trainose, which was taken over by Italy’s Ferrovie dello Stato last year, submitted the only binding offer.
Greece is selling Rosco under its bailout-mandated privatization scheme, aiming at total privatization receipts of EUR 2 billion this year. It has earmarked EUR 5 million from the Rosco sale in this year’s budget plan.
In October 2016, HRDAF announced that Ferrovie dello Stato Italiane and Škoda Transportation submitted Expression of Interest for the purchase of 100% stake of Rosco.
Rosco operates as a company providing maintenance, repair and reconstruction services in respect of rolling stock for railways and other track-based systems. Rosco is currently the sole provider of rolling stock maintenance services in Greece.