"After seven hours of negotiations, white smoke came out. Today we can declare the winner in the competition for the privatization of CFR Marfa" Fenechiu said.
At the same time, the new owner of CFR Marfa assumed the responsibility to make investments amounting to EUR 900 million, and an additional EUR 1,5 million investments in the environment.
According to Minister Fenechiu, GFR will pay full price, and that because the Ministry of Transport refused the request for payment in installments. The deadline for the stake payment is up to two month since the signing of the privatization contract that will be made public.
Also, the assignment of a bidder until Friday, June 21 in the CFR Marfa privatization process is a prerequisite for the last assessment of the IMF agreement scheduled June 26.
The Romanian Railway Group is the second largest rail freight operator in Romania and is part of the Grampet group controlled by Stoica.
The Group is the largest private stakeholder in the rail sector in Romania and one of Europe's main competitors in Central and South Eastern Europe, providing transportation and logistics services in several European countries
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