TrainOSE

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TrainOSE SA

logo
legal form Corporation
founding December 19, 2005
Seat Athens , GreeceGreeceGreece 
management
  • Tsalides Philippos, CEO
Number of employees 659
sales EUR 115.76 million
Branch Rail transport
Website www.trainose.gr
As of December 31, 2018

TrainOSE is the railway company that operates train services on the Greek Railways (OSE) network. The company is a subsidiary of the Italian Ferrovie dello Stato Italiane .

history

leader

On November 24, 2005, the OSE Supervisory Board decided to split up the company and partially privatize it . The railway infrastructure company should remain in state ownership under the OSE company, while the traffic on it should be given into private hands. However, initially nothing happened. In view of the Greek sovereign debt crisis , plans were resumed in 2012. A sale of the traffic should generate income of 200 million euros. As a result, TrainOSE was spun off from the OSE as a subsidiary in 2013. Railway companies from Austria, France, Romania and Russia expressed interest. Again nothing happened.

privatization

The Hellenic Republic Asset Development Fund put TrainOSE up for sale in early 2016 . On July 14, 2016, the privatization authority announced that it would accept the only existing bid, that of the Italian state railway Ferrovie dello Stato Italiane , in the amount of 45 million euros. The sales contract was signed on January 18, 2017. The transfer of ownership took place on September 14, 2017.

Business operations

TrainOSE operates both passenger and freight traffic and has 637 employees. TrainOSE runs around 350 trains per day, two thirds of them in suburban traffic and one third in regional and long-distance traffic . It transports 15.6 million travelers and 1.1 million tons of goods per year. The revenues from ordinary business activities in 2016 totaled EUR 60,828,116.01, of which EUR 47,131,310.82 in passenger transport (EUR 34,697,928.38 long-distance and regional transport and EUR 12,433,382.44 Proastiakos ), 12,289 EUR 791.20 in freight transport and EUR 1,407,013.99 in bus transport.

The railway vehicles were spun off into a separate company during the privatization and are not part of the privatization. This own company is the owner of the 1160 railway vehicles.

Web links

Remarks

  1. Figures from 2016.

Individual evidence

  1. TRAINOSE Company Profile (English), accessed on February 25, 2018
  2. trainose.gr - Board of Directors
  3. a b trainose.gr - Annual Report 2018
  4. ^ Message OSE is to be privatized . In: Eisenbahn-Revue International . Issue 1/2006, ISSN  1421-2811 , p. 40.
  5. ^ Setting the course in the economy: Russians want to buy the Greek railways. focus.de, April 13, 2012, accessed April 20, 2012 .
  6. Thomas Bormann: Athens sells its table silver . Deutschlandfunk from November 20, 2012.
  7. Thomas Bormann: Table silver at a low price . Deutschlandfunk from November 20, 2012.
  8. eurailpress.de: Greece: New edition of the Trainose privatization. , February 1, 2016
  9. Successful Greek privatization: Greece sells its railway for 45 million euros to Italy on NZZ-online on July 16, 2016, accessed on July 17, 2016
  10. Privatization: Italians buy Greek state railways News from January 18, 2017 on Handelsblatt-online , accessed on January 28, 2017
  11. a b pd / mr: Trainose in Italian hands . In: Eisenbahn-Revue International 11/2017, p. 569.
  12. Annual Report 2016 (PDF; 1.94 MB; Greek) pages 60 and 68, accessed on February 25, 2018