Last updated: August 19. 2013 10:36AM - 759 Views
Associated Press

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(AP) Greece's privatization fund says it is selling the country's train maintenance company, a day after the fund's head was sacked for hitching a lift on the private jet of a businessman involved in a previous sale.

The fund said Monday it is seeking buyers for 100 percent of ROSCO, a former rail subsidiary that has been transferred to the body overseeing the privatizations Greece is pursuing in return for bailout loans. No pricing details were provided.

The announcement comes a day after fund head Stelios Stavridis was fired for accepting a lift to his island holiday home on a jet owned by the head of a consortium that had just bought a controlling stake in betting firm OPAP.

Stavridis denied any wrongdoing, saying the businessman had simply offered to help.

Associated Press
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