The board of Greece’s privatization fund, TAIPED approved on Thursday a bid by Italy’s state-owned Ferrovie Dello Stato Italiane SpA, for the sale of Greek railway service operator Trainose. The European Commission has committed that upon sale it will delete a 750 million fine for illegal state aid
The bid for the privatization of 100% of the Greek company came to 45 million euros, considerably higher than original estimates of independent evaluators, sources said Thursday.
Meanwhile, there were no intercity train or Proastiakos suburban services on Thursday, as unions continued strike action against Trainose's privatization plans.