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FS buys the Greek railways and beats the Russians

With an offer of 45 million, the FS group was awarded the Greek railway transport company Trainose. The Greek fund for privatization has chosen FS as "preferred investor". The operation will be formalized in the coming weeks.

(Teleborsa) – Greece accepts the Italian offer from FS for the acquisition of the Greek railway transport company Trainose. The fund for the privatization of the Greek railways Hellenic Republic Development Asset Fund has in fact declared FS "preferred investor", accepting the relative economic offer. The FS communicated it, specifying that the price offered is 45 million euros. The opening of the envelopes with the offers took place this morning in Athens. The operation will be formalized in the coming weeks. Fs thus beat the other competitors, mainly the Russians, involved in the race.

“For FS Italiane – said Renato Mazzoncini, CEO of the FS Group – this operation is in line with the industrial plan, which will be presented in September and which aims, among other things, at international expansion. It also represents an opportunity for growth and development for the Greek railways, which will be able to count on the know-how and experience of the FS Italiane Group, gained in over 110 years of history".

“Innovation and high technological content are two of the pillars of FS – commented Gioia Ghezzi, President of the FS Italiane Group – and we are sure that they will be the right drivers to guide the change in Trainose. The Greek railways will also be able to benefit from the great attention we have always paid to the enhancement of employees, in fact for the second consecutive year FS has been decreed Best Employer of Choice".

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