Next stop: Sale of Trainose, Rosco

The process for the privatizations of Greece’s railway operator Trainose and rolling stock company Rosco is entering the second stage, with the state privatization fund (TAIPED) convening on Thursday to approve the short list for the latter stage of the two tenders.

Sources say that both in the sale of Trainose and in that of Rosco, all bidders who expressed an interest in the first round of the process will be short-listed for the stage of binding bid submission as they fulfill the minimum criteria required – i.e. the terms about the possession of financial strength and know-how.

Bidding for Trainose are Romania’s Grup Feroviar Roman (GFR), France’s Societe Nationale des Chemins de fer Francais (SNCF) and Rossiyskie Zheleznye Dorogi (RZD) of Russia. RZD is also bidding for Rosco, along with France’s Alstom and Germany’s Siemens.

Both tenders are for the sale of 100 percent of each company.

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