ECONOMY

Greece seeks buyers for train rolling stock firm

Greece’s privatization fund said it is selling the country’s train maintenance company a day after the fund’s head was sacked for hitching a lift on the private jet of a businessman involved in a previous sale.

The fund said on Monday it is seeking buyers for 100 percent of Rosco, a former rail subsidiary that has been transferred to the body overseeing the privatizations Greece is pursuing in return for bailout loans.

No pricing details were provided.

The announcement comes a day after fund head Stelios Stavridis was fired for accepting a lift to his island holiday home on a jet owned by the head of a consortium that had just bought a controlling stake in betting firm OPAP.

Stavridis denied any wrongdoing, saying the businessman had simply offered to help.

[AP]