The Board of Directors of the Hellenic Republic Asset Development Fund (HRADF) has recently decided the relaunching of the international tender for the sale of 100% stake in TRAINOSE. The first tender process was launched in July 2013.
HRADF’s goal is to raise the investor’s interest on TRAINOSE, which currently operates as the sole provider of rail services in Greece.
TRAINOSE was established in 2005, as a subsidiary of OSE S.A.. In December 2008, the ownership of TRAINOSE was transferred to the Hellenic Republic.
To be more specific, TRAINOSE is engaged in the provision of traction services for the rail transportation of passengers and freight, the development, organization and exploitation of urban, suburban, regional, extra-urban and international railway transportation of passengers and freight, as well as bus transportation or combined transportation of passengers and freight and the provision of logistics services of any nature.
Each interested party wishing to participate in the tender process should express its interest from 1 February 2016. The submission of the binding offers must take place until 26 April 2016.
The financial advisors for this project are Investment Bank of Greece and Kantor Management Consultants, while law firms Hogan Lovells International LLP and M. & P. Bernitsas Law Offices are acting as legal counsels and Louis Berger S.A. as technical advisor.
See tender announcement: