Arab Today, arab today greek privatization fund launches new tender to privatize railways
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

Greek privatization fund launches new tender to privatize railways

Arab Today, arab today

Arab Today, arab today Greek privatization fund launches new tender to privatize railways

Greek privatization fund launches new tender to privatize railways
Athens - XINHUA

Greece's privatization fund on Wednesday announced the launch of a new international tender to privatize the country's railways operator TrainOSE.

"The Hellenic Republic Asset Development Fund (HRADF)'s board of directors decided the launch of a new tender for the sale of 100 percent of shares of TrainOSE in order to attract bigger interest by investors," the agency said in a statement.

The fund annulled the previous tender as none of the companies which had participated in the final stage (the French SNCF, the Russian RZD and the Romanian GFR) submitted a binding offer for the purchase, while new candidates expressed interest, according to Greek national news agency AMNA.

Potential contenders can express their interest from Feb. 1 to April 26, 2016, according to the new announcement.

A week ago, the HRADF accepted China's COSCO's offer for the acquisition of the 67 percent stake in Piraeus port for 368.5 million euros (400 million U.S dollars).

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