BUSINESS

Russian Railways could drop out of running for Greece's Trainose

TAGS: Privatizations

Italy’s state railway is expected to bid for its Greek counterpart Trainose, but Russian Railways (RZD) is less likely to do so, sources with direct knowledge of the matter told Reuters on Tuesday.

Athens is selling Trainose and maintenance company Rosco to meet the terms of its latest bailout deal signed last summer.

It received nonbinding expressions of interest in Trainose from Italy’s state railway, RZD and Greek construction group GEK-Terna in April.

Binding bids for Greece’s railway network are due by 5 p.m. on Wednesday.

[Reuters]

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