OSE is a modern Group of companies providing railway transport services for goods and people within and outside Greece. The Hellenic Republic is the 100% shareholder of OSE Group (OSE SA, EDISY SA, ERGOSE SA, GAIAOSE SA) and TRAINOSE SA.
A comprehensive restructuring and reorganization program of the OSE Group commenced in 2nd Q 2010. The program aims at creating a streamlined portfolio of good quality assets and operating companies by end of 2011.
A significant part of the restructuring program is focused on restoring and ensuring the commercial and operational long-term viability of TRAINOSE SA, the Group’s subsidiary involved in railway operations and related transport services. The program is expected to ultimately lead to the privatisation of TRAINOSE SA via a sale of its shares, and by granting management control to a strategic investor. An equally significant part of the OSE Group restructuring program is the spin-off to a Special Purpose Company of the Rolling Stock & Railroad Maintenance business unit (ROSCO) of OSE Group, and its subsequent privatisation..