In August 2003, by making use of act 2963/200, enabling the KTEL’s conversion to companies of limited liability (LLC), either by allowing all past owners to keep their buses or by contributing with their use, “KTEL THESSALONIKIS PUBLIC LIMITED LIABILITY TRANSPORT, TOURIST AND TRADING COMPANY” was established with an additional bus fee contribution and under the distinctive title “KTEL THESSALONIKIS S.A.”, was registered on 25-8-2003 at the Limited Liability Company Registry of the Thessaloniki Prefectural Administration Company Directorate (license number MAE 55051/62/B/03/0162. All past motorists contributed their buses to the company hence forming an owner-free capital company of limited liability. Since then, it operates as a multi-shareholding S.A. with a share registry of around 200 shareholders.
During September of 2003, the Greek state called upon an additional urban transportation extension, which was assigned to OASTH, without the use of buses owned by KTEL THESSALONIKIS S.A. Thus, since September 2003, an additional number of 15 Prefecture municipalities (Langada, Koufalion, Basilikon, etc.) are being served by OASTH. In exchang, 26 OASTH equities/stocks were given to “KTEL THESSALONIKIS S.A.” and a staff of approximately 200, was transferred from KTEL to OASTH. KTEL withdrew all of its remaining, “post-expansion” buses and now serves 9 municipalities of the Thessaloniki Prefecture: 1. Agios Georgios, 2. Apollonia, 3. Arethousa, 4. Vertikou, 5. Egnatia, 6. Kallindoion, 7. Maditou, 8. Rentina and 9. Sohou) and naturally the Thessaloniki-Athens & Piraeus line.