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Parliamentary questions
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14 November 2019
E-003838/2019
Question for written answer
to the Commission
Rule 138
Eva Kaili
 Answer in writing 
 Subject: TRAINOSE SA

In September 2017, TRAINOSE SA was sold to the Italian company Ferrovie Dello Stato Italiane S.p.A. for a total price of EUR 45 million.

TRAINOSE has an annual turnover of approximately EUR 70 million. However, it also receives a subsidy of EUR 50 million a year, as it serves loss-making routes in remote areas. A public service contract was signed in December 2015 between the Greek State and TRINOSE SA. pursuant to Law 3891/2010, as amended by Article 17 of Law 4337/2015.

These amounts were approved and paid to TRAINOSE in the years 2017 and 2018, which means in practice that, by purchasing TRAINOSE for EUR 45 million, the Italian company should receive EUR 50 million a year over the next 5 years.

Will the Commission say:

Was the EUR 50 million subsidy the company receives from the government taken into account in determining the value of TRAINOSE? If so, when?

Does it consider that the annual subsidy of EUR 50 million corresponds to the actual cost of the services operated in remote areas? If not, should the amount of this subsidy be immediately reviewed?

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