TrainOSE S.A.
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| private company | |
| Industry | Rail transport |
| Founded | 2005 |
| Headquarters | Athens, Greece |
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Key people
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| Products | Rail transport, cargo transport |
| Revenue |
 €118 million (2016)
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 €2.8 million (2016)
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| Total assets |
€159.8 million (2016)
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| Owner | Ferrovie dello Stato Italiane (100%) |
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Number of employees
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677 (2016) |
| Website | trainose |
TrainOSE S.A. (Greek: ΤραινΟΣΕ Α.Ε., pronounced trenosé) is a railway company in Greece which currently operates all passenger and freight trains on OSE lines. TrainOSE was acquired in September 2017 by the Italian national railway company, Ferrovie dello Stato Italiane. Previously, the company was a subsidiary of the Hellenic Railways Organisation (OSE) until 2008, when it became an independent state-owned company until its privatisation in 2017. TrainOSE employs all train crews, operators and manages the rail services throughout the Greek railway network, but does not own any rolling stock, leasing instead.
The Hellenic Republic Asset Development Fund has been the sole shareholder of the corporation since April 2013. In July 2013, Hellenic Republic Asset Development Fund launched an international tender for the privatisation of TrainOSE. Italian state railway group Ferrovie dello Stato Italiane submitted the only binding offer for a 100% stake in Greece’s national passenger and freight train operator TrainOSE, the Hellenic Republic Asset Development Fund announced on July 6, 2016. On July 14, 2016, the privatisation agency accepted Ferrovie dello Stato Italiane's offer, worth 45 million euros, to buy 100% of TrainOSE. TrainOSE's shares were completely transferred on 14 September 2017, and is currently a wholly owned subsidiary of Ferrovie dello Stato Italiane.
TrainOSE operates three types of regional rail passenger services on which include "Regular" trains (Greek: Κοινή αμαξοστοιχία, regular/common train), Express trains (Greek: Ταχεία) and Intercity (IC) trains.
The regular rail service is the slowest, with trains making frequent stops, while it is also the cheapest available. Express trains are faster trains, making fewer stops in sections served by regular trains. Intercity (IC) trains are the fastest but the most expensive. The needed supplement on Intercity (IC) trains typically doubled or tripled the base fare respectively, but today this is determined more by the different competing forms of transport, mainly air transport. Car transport is also available on night services on the main line from Athens to Thessaloniki.
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Wikipedia