Ferrovie dello Stato Italiane

Four Italian experts visited the investigative magistrate in Larissa, central Greece, on Tuesday to examine the recordings of the passenger train that collided with a freight train at Tempe on the night of February 28. 

With the experts' contribution and conclusions, the final report on the deadly crash is on course for completion.

Thousands of people protested on Sunday against safety deficiencies in Greece's railway network nearly two weeks after dozens were killed in the country's deadliest train crash. 

The acquisition of railway carriage maintenance company Rosco by Italian-owned railway service operator Trainose has been completed, making the Ferrovie dello Stato Italiane subsidiary the dominant player in the local market.
The 100 percent stake in Rosco sold for 22 million euros.

Tension between state-controlled Hellenic Railways' Organization (OSE) and Italian-owned railway service operator Trainose has increased amid mutual accusations over the quality of passenger and cargo rail services, while the two companies are also on the verge of legal action over financial considerations.

State privatizations fund TAIPED and rail service operator Trainose signed the contract for the sale of 100 percent of railway carriage maintenance company Rosco on Monday.

Trainose, a 100 percent subsidiary of Ferrovie dello Stato Italiane, will pay a price of 22 million euros.

State transport companies recorded a decline in revenues and an increase in losses last year, according to official figures.

Revenues fell 1.8 percent from 2016 to 289.3 million euros, with the 84-million-euro increase in state subsidies failing to plug the gap.

For every euro the transport companies earned as operating revenues last year, they got another from taxpayers.

Not only is Trainose about to be declared the preferred bidder for 100 percent of railway carriage maintenance company Rosco, but it is now eyeing Greece's urban transport too.

On Friday state sell-off fund TAIPED accepted the improved bid for Rosco, which amounts to 22 million euros.

Railway operator Trainose is on Friday expected to table its improved binding offer for the acquisition of state railway carriage maintenance company Rosco. Italian-owned Trainose is expected to raise its initial offer of 9 million euros to 20 million.

The tug-of-war over the future of railway carriage maintenance company Rosco continues between state sell-off fund TAIPED and the Italian-owned railway service firm Trainose.

The submission of the improved binding bid for Rosco, scheduled for Thursday, has been postponed for another couple of weeks, to April 26, highlighting the difficulty of the project.

After Greek railway carriage maintenance company Rosco, Trainose's interest is turning to urban transport, notably the metro.

Fully controlled by Ferrovie dello Stato Italiane, railway service operator Trainose last week submitted the sole bid for the acquisition of 100 percent of Rosco's shares, as the Italians take their second step towards dominating the domestic railway market.