Greece completes sale of railway operator to Italy’s Ferrovie


ATHENS, Sept 14 (Reuters) – Greece concluded on Thursday the sale of railway operator TRAINOSE to Italy’s Ferrovie dello Stato and expects hundreds of millions of euros to be invested in the country’s ageing rail infrastructure in the coming years.

Under its current bailout, its third since 2010, Greece was expected to sell TRAINOSE and other state assets to raise 6 billion euros ($6.2) by 2018.

Reuters logo red 1a LLLGreece will fetch 45 million euros from this sale and expects a further 500 million euros in railway investment from the Italian company, Prime Minister Alexis Tsipras said, a crucial boost for a country hungry for investment as it emerges from a debt crisis.

The deal was signed in the…

  • (Reporting by Angeliki Koutantou in Athens and Stephen Jewkes in Milan; Editing by Mark Potter)

Greece completes sale…

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