11 Apr 2012 18:23

RZD mulls Greek railway buy-in

MOSCOW. April 11 (Interfax) - Russian Railways (RZD) is thinking of buying into Greek railway operator Hellenic Railways Organisation (OSE), RZD chief Vladimir Yakunin told Interfax.

"We are in contact with our Greek colleagues," he said.

"But the thing is their government is changing and they have a lot of problems of their own, so these are so far informal contacts," Yakunin said.

OSE's debt had mounted to over EUR10.7 billion by the end of 2010 and the Greek government has drafted a law to rejuvenate the company which involved privatizing it.