Trainose is sole bidder in Rosco tender

TAGS: Privatizations

Greece has received one bid for its railway maintenance company Rosco, the country’s privatization agency TAIPED said on Tuesday.

Greek railway service operator Trainose, which was taken over by Italy’s Ferrovie dello Stato Italiane last year, submitted the only binding offer.

Greece is selling Rosco under its bailout-mandated privatization scheme, aiming at total privatization receipts of 2 billion euros this year.

It has earmarked 5 million euros from the Rosco sale in this year’s budget plan.