Per the company’s financial report, its total revenue fell by 24% to RON25.3 million and its expenses by 16% to RON23.9 million.
In early August 2020, the shareholders of Atelierele CFR Grivita approved a decision to sell a 2,015 sqm plot of land, part of a total area of 11,081 sqm, at a minimum sale price per sqm of EUR500, per a stock market announcement. Calculations by Ziarul Financiar show the value of the transaction may reach nearly EUR1 million. The proceeds are expected to be used exclusively for investment works and to cover the credit line from lender Banca Comerciala Feroviara.
The company, with a market value of RON27 million, is 92.8% owned by its employee association.
Ateliere CFR Grivita is one of the shareholders of lender Banca Comerciala Feroviara, in which it holds a 10% stake. The lender recently changed its majority shareholder after Valer Blidar, the owner of Astra Vagoane, announced in July the sale of his stake in the lender to Olimpiu Balas, an IT entrepreneur who owns the New Business Dimensions Group. Olimpiu Balas bought 63% of the lender’s share capital.