Three bidders interested Greek rail network
ATHENS, Sept 16
ATHENS, Sept 16 (Reuters) - Three bidders are interested in buying a 100 percent stake in Greece's railway network operator Trainose, the country's privatisations agency said on Monday.
The bidders are French train operator SNCF, Romania's Grampet Group and Greek building group GEK Terna in cooperation with Russian Railways RZD, a source close to the talks said on condition of anonymity.
Selling-off state assets is a central condition of Greece's two bailouts by the European Union and International Monetary Fund worth 240 billion euros and Athens needs to raise 1.6 billion euros from privatisations this year.
Officials hope the Trainose sale will raise 200 million euros.
Trainose operates all cargo and passenger routes on 2,500 km of railways over 500 routes, according to the company's website. The railway network, including track and other infrastructure, is owned by the Railway Organization of Greece (OSE).
Since country's debt crisis broke out in late 2009, Trainose has been restructured with 1.4 billion euros in government funding, which has been used to close loss-making routes and cut nearly half the staff. (Reporting by Harry Papachristou; Writing by Karolina Tagaris; editing by David Evans)
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