Siemens shows interest in buying Greece's ROSCO: source
ATHENS (Reuters) - Siemens (SIEGn.DE) is a possible bidder to buy a Greek rolling stock operating company, a source close to the talks said on Monday, making it the first major German company to take an interest in the country's asset sales program.
Greece's privatizations agency HRADF said three companies had submitted expressions of interest to buy a 100 percent stake in ROSCO, the Hellenic Company for Rolling Stock Maintenance.
The other two potential bidders were French power and transport engineering firm Alstom (ALSO.PA) together with Damco Energy, and Greek building group GEK Terna (HRMr.AT) in cooperation with Russian Railways RZD RZDRU.UL, the official said, on condition of anonymity.
Selling state assets is a central condition of Greece's multi-billion foreign bailout.
Germany is Greece's biggest creditor under its 240 billion-euro bailout by the European Union and International Monetary Fund but German companies have shown little interest in snapping up Greek assets.
Siemens was embroiled in a bribery row in Greece over allegations that managers of its Greek subsidiary were involved in illegal party financing and bribery payments to secure government contracts, some of them related to the Athens 2004 Olympic Games.
(Reporting by Harry Papachristou; Writing by Karolina Tagaris; Editing by David Cowell)
NEW YORK - With the U.S. Federal Reserve finally announcing it will start tapering its stimulus, removing a big uncertainty in the market, can Wall Street expect a stronger finish to the year? Not really.
WASHINGTON - Start-up companies will be able to raise much more capital through certain public stock deals without facing costly regulatory burdens under a proposal announced by U.S. securities regulators on Wednesday.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.