TRAINOSE S.A. was established in 2005, as a subsidiary of OSE S.A. ("OSE"). In December 2008, the ownership of TRAINOSE was transferred to the HR.
TRAINOSE is engaged in the provision of traction services for the rail transportation of passengers and freight, the development, organisation and exploitation of urban, suburban, regional, extra-urban and international railway transportation of passengers and freight, as well as bus transportation or combined transportation of passengers and freight and the provision of logistics services of any nature. The Hellenic Republic Asset Development Funds owns 100% of the share capital of TRAINOSE.
OSE (which is 100% owned by the HR), in its capacity as manager of the Greek National Railway Infrastructure, is responsible for the management, operation, exploitation and maintenance of the existing railway infrastructure, the construction and development of new infrastructure, the regulation and safety of railway traffic and other related responsibilities provided for by the applicable national and EU legislation.
The rolling stock maintenance activity, currently provided by OSE, is in the process of being transferred, via spin off, to ROSCO S.A. ("ROSCO"), a newly established company 100% owned by the HR. Following completion of the spin off process, ROSCO shall operate as an independent company providing maintenance of the rolling stock. It is noted that the intention of the HR is to proceed with the privatisation of ROSCO as well.