GFR: CFR Marfa privatisation contract to be made public


Grup Feroviar Roman (GFR), a company controlled by Gruia Stoica, declared its surprise at the request of the Ministry of Transportation (MT) about executing the bank guarantee letter for the participation in the privatisation of CFR Marfa.
“Grup Feroviar Roman, through its legal representatives, following the press release issued by the Ministry of Transportation on April 13, 2014, took act with surprise about the fact that on 20 March 2014, at the demand of DIICOT, the Ministry of Transportation formally addressed Raiffeisen Austria, via Eximbank, with the request to execute the letter of bank guarantee issued by this bank in favour of Grup Feroviar Roman”, the company informs in a press release.
GFR brings the evidence that it is not to blame for the failure to finalise the privatisation procedure the fact that in view of releasing the sum of EUR 20.2 M which was deposited in an escrow account at the disposal of the MT a document was signed which formally confirms that GFR is not to blame, and this document only ascertains the existing factual and legal situation.
In return, Raiffeisen Bank International says for Mediafax that did not accept MT demand for the execution of the letter of guarantee granted by GFR for the privatization of CFR Marfa since the request was submitted after the validity of the document expired.

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