Greece seeks buyers for train maintenance company

AP News
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Posted: Aug 19, 2013 10:03 AM

ATHENS, Greece (AP) — Greece's privatization fund says it is selling the country's train maintenance company, a day after the fund's head was sacked for hitching a lift on the private jet of a businessman involved in a previous sale.

The fund said Monday it is seeking buyers for 100 percent of ROSCO, a former rail subsidiary that has been transferred to the body overseeing the privatizations Greece is pursuing in return for bailout loans. No pricing details were provided.

The announcement comes a day after fund head Stelios Stavridis was fired for accepting a lift to his island holiday home on a jet owned by the head of a consortium that had just bought a controlling stake in betting firm OPAP.

Stavridis denied any wrongdoing, saying the businessman had simply offered to help.