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Sale agreement for EESSTY approved by the Court of Auditors



The agreement for the sale of 100% of EESTY’s shares to TRAINOSE for 22m euros has been approved by the Court of Auditors.

The finalization of the agreement will come with the signing of the contract -expected later this month- between HRADF and the investor, while the aim is for the completion of the transaction by the end of the year.

The completion of EESSTY’s privatization will conclude a 5-year period and will signify the beginning of a new era for the currently state-owned company, which, as it seems will be acquired and probably be absorbed by the already privatized TRAINOSE.

EESSTY is expected to become the cornerstone of the maintenance of both existing and new rolling stock that will come from Italy and will be renovated.

However, one of the major issues that TRAINOSE will have to resolve regarding the company, is its general modernization and reconstruction of operations by introducing know-how from the Italian Railways, aiming at the upgrading of the provided services.

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