Τhe Italian railway was the sole candidate to submit a binding offer for TRAINOSE

Ferrovie Dello Stato Italiane S.p.A., the Italian railway, was the sole candidate to submit a binding offer for the sale of a 100 pct stake in TRAINOSE, the Greek trains operator, after completion of the binding offer procedure on Wednesday, Hellenic Republic Asset Development Fund (HRADF) said in an announcement.

HRADF said that despite initial interest, the Russian railway company RZD did not make a binding offer.

A previous tender for the sale of TRAINOSE was annulled because of lack of fundamental interest, despite the fact that a number of candidates such as the French railway, a consortium between RZD and GEK Terna and Romanian GFR had expressed initial interest.

A tender for the sale of ROSCO, the Greek rolling stock maintenance company, was annulled as no binding offer was submitted.