CFR has taken a bridge loan worth almost 770 lei (EUR172 million) from the state in the first semester, to pay debts registered end-March to electricity suppliers. The loan was agreed with the International Monetary Fund and is due November 30, 2012.
The debts are to E.ON, RON9.7 million, Enel, RON347 million, CEZ, RON167.4 million, Electrica Muntenia Nord, RON11.1 million, and Electrica Furnizare, RON234.7 million.
The EUR174 million loan from EBRD will be given in two installments, conditioned by certain restructuring measures. (EUR1=RON4.4792)