×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Greek Firm Seeks Partnership With Russia Railways

Greek energy and natural gas conglomerate Copelouzos Group proposed forming a partnership with Russian Railways to make a bid for Greek rail firm Trainose, Vedomosti reported Tuesday.

Copelouzos is active in Russia via its 50 percent stake of Prometheus Gas, a joint venture with Gazprom.

"We are constantly in contact with Russian Railways," said a representative of Copelouzos Group.

Russian Railways has yet to respond to Copelouzos Group about the possibility of a partnership.

In order to try to make a bid for Trainose, investors must express interest by Sept. 16. After an initial expression of interest, pre-qualified buyers can submit financial offers.

According to Greek media, a number of international companies from France, China, Italy and Germany are thought to be interested in acquiring Trainose.

Russian Railways first expressed interest in Trainose this spring and had been in discussions with Greek construction and energy group GEK Terna about creating a consortium to buy the company.

Last year, Russian Railways bought 75 percent of French logistics company Gefco for 800 million euros ($1.1 billion).

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more