Hellenic Republic Asset Development Fund (HRADF) announced that two investment groups submitted Expression of Interest for the purchase of 100% stake of EESSTY (ROSCO) S.A. The interested investment groups are Ferrovie dello Stato Italiane S.p.A. and Škoda Transportation.
The Fund’s advisors will evaluate, per terms and criteria stipulated in the Process Letter the EOI and submit to HRADF’s Board of Directors their recommendation as to which candidates qualify for the next phase, which includes the access to detailed information about the asset (virtual data room) and the terms of the transaction.
The deadline for the submission of binding offers is set for December 5, 2016
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.
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