Hellenic Republic Asset Development Fund decided to re-launch the privatisation process for ROSCO

Hellenic Republic Asset Development Fund (HRADF) on Friday decided to re-launch the privatisation process for ROSCO – the Hellenic Company for Rolling Stock Maintenance SA – through a competitive tender process for the sale of shares corresponding to 100% of the share capital of ROSCO.

The Fund invites interested parties to submit, either as single legal entities or as consortia, binding offers for the acquisition of shares corresponding to 100% of ROSCO’s share capital. Investment Bank of Greece, Kantor Management Consultants, Louis Berger, Hogan Lovells International LLP and M. & P. Bernitsas Law will act as advisors to the process.

ROSCO operates as a company providing maintenance, repair and reconstruction services in respect of rolling stock for railways and other track-based systems.

ROSCO is currently the sole provider of rolling stock maintenance services in Greece. ROSCO was established as an independent corporate entity in 2013, via a spin-off of the rolling stock maintenance business unit of OSE S.A, the manager of the Greek National Railway Infrastructure.