Greece re-launches international tender for the sale of 100% stake in TRAINOSE

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Greece re-launches international tender for the sale of 100% stake in TRAINOSE

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:

http://www.hradf.com/en/news/201060127-pr-trainose

List of country news

Country news

  • February 01, 2016

    Greece accept Cosco´s improved offer for Piraeus port

    Greece accepted on Jan. 21 an improved bid of €368.5 million by Cosco Group to acquire a 67 percent stake in Piraeus Port. Read more
  • December 29, 2015

    Cosco Pacific only bidder for Pireaus Port

    China’s Cosco Pacific is understood to be the only bidder for the acquisition of the 51 percent stake of Piraeus Port Authority (OLP). Read more
  • July 02, 2013

    Candidates preselected for the 4 Attica waste management PPP tenders

    The first phase of all four international public tender procedures for the selection of the private partners who will undertake the implementation of the respective Waste Treatment projects via a PPP for the area of Attica, has concluded. Read more
  • July 08, 2013

    Shortlist announced for Epirus waste PPP project in Greece

    The first phase of the tender for the selection of the private partner who will undertake the implementation of the Epirus waste management PPP project concluded. Read more
  • July 16, 2013

    Three candidates submit binding offers for Peloponnese waste project

    Binding offers were submitted on Thursday, July 11th, 2013, for the selection of a private partner for the project "Implementation of an Integrated Waste Management System in the region of Peloponnese via a PPP". Contracting Authority of this project is the Region of Peloponnese. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.