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Greece sold railway to Italy for 45m euros

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Staff Writer | September 15, 2017
Greece’s privatization agency concluded the sale and transfer of the 100% stake of the state-controlled train operator Trainose to Ferrovie Dello Stato Italiane for a total consideration of 45 million euros.
Trainose to Ferrovie Dello Stato
Europe   Trainose to Ferrovie Dello Stato
The signing of the agreement was held in Corfu by the Chair of the HRADF’s BoD Lila Tsitsogiannopoulou, and the chief executive officer of Ferrovie dello Stato Italiane Group, Renato Mazzoncini, during the Greece – Italy High-Level Cooperation Council proceedings.

“HRADF completes today a bidding process that began four years ago and opens up new page for Trainose, as the privatization of the company has resulted in the closure of the European Commission’s State Aid dossier on Trainose’s debt to OSE, amounting at 692 million euros,” the privatization agency said in a statement.