Russian Railways 'Still Interested' in Acquiring Greek Rail Operator

Russian Railways would likely acquire Greece's national train operator TRAINOSE, rolling stock repair and maintenance firm ROSCO, and the Port of Thessaloniki in a simultaneous deal, reports say.

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Russian Railways (RZD), operator of Russia's rail network, has said it's holding talks with Greece's government about submitting a bid should it decide to privatize related Greek state businesses, ANA-MPA reported. 

Russian Railways boss Vladimir Yakunin made the announcement last Wednesday in a meeting with the Public Chamber of the Russian Federation, saying the companies it's considering a bid for include Greece's national train operator TRAINOSE, rolling stock repair and maintenance firm ROSCO, and the Port of Thessaloniki. 

According to Yakunin, "nothing had gone quiet". He added that Greece's new Prime Minister Alexis Tsipras has requested a personal meeting with him, indicating that Greece is interested in cooperating with Russian Railways. 

“During the course of the talks with Vladimir Putin, Tsipras confirmed that Russian Railways are rightfully interested and agreed that our contacts will be continued," Yakunin said. "Therefore we are continuing our work.”

In the event of any deal, it's likely Russian Railways would acquire all three Greek companies simultaneously, RIA Novosti reported.

Image credit: Tilemahos Efthimiadis via Flickr.com


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