2.9 C
January 21, 2022

CFR Marfa privatization continues with two bidders

CFR Marfa’s privatization will continue solely with Grup Feroviar Roman and the association formed by Transferoviar Grup and Donau Finanz, a Transportation Ministry communiqué shows. “The potential buyers had the obligation to file the envelopes containing preliminary and non-binding offers, as well as their comments on the contractual framework, by Wednesday June 5 at 4 PM. Following the analysis of the documents (…) it was noted that Grup Feroviar Roman and the association formed by Transferoviar Grup and Donau Finanz filed preliminary and non-binding offers and their comments on the contract on purchasing shares, in line with the announcement and with the presentation file, while the envelope filed by OmniTRAX did not contain the preliminary and non-binding offer, nor comments on the contract,” the ministry’s communiqué shows. The Transportation Ministry’s Privatization Commission will organize sessions of clarifications with the two bidders that filed complete documentation. In order to take part in the last stage, namely the tender based on the envelope system, the bidders have to file their participation documents by June 19 at 12 PM at the latest. CFR Marfa’s privatization entails the sale of 51 per cent of company shares. The tender for the company’s privatization starts off from EUR 180 M. CFR Marfa’s privatization represents a precondition demanded by the experts of the International Monetary Fund in order for the last evaluation of the agreement reached in 2011 to make it to the international institution’s leadership board.

Related posts

BNR will continue to diminish the reserve requirements

Nine O' Clock

Experts expect Romanian new car market to grow by up to 15pct in H2

Nine O' Clock

Poland says NO to the Tobacco Directive. Who’s next?

Nine O' Clock