PRIVATIZATION
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Romanian Grampet Wins Auction To Privatize Croatia’s HZ Cargo
Romanian group Grampet, owned by businessman Gruia Stoica, has won an auction to privatize Croatia’s state-owned freight railway company HZ Cargo.
Debt-Mired CFR Calatori Needs Recapitalization, Might Be Privatized
Romanian Transport Minister Relu Fenechiu said Wednesday state-owned passenger railway carrier CFR Calatori needs recapitalization, which might be secured through loans or by selling the com...
GFR Will Likely Sign CFR Marfa Privatization Contract Next Week
The contract by which Romanian private railway company Grup Feroviar Roman (GFR) takes over 51% in freight railway carrier CFR Marfa is pending government approvals and will most likely be s...
Grup Feroviar Roman Aims To Make CFR Marfa Efficient
Romanian private railway company Grup Feroviar Roman (GFR), which will pay EUR202 million for a 51% stake in freight railway carrier CFR Marfa, said its main priority is to make the state-ru...
UK Ambassador: Romanian State-Owned Company Sale Process Far From Perfect
The privatization of Romanian state-owned companies has definitely not been a perfect process and Romania must focus on attracting more international investors, UK Ambassador to Bucharest Ma...
GFR Buys 51% In Freight Rail Carrier CFR Marfa For EUR202M
Romania’s largest private railway company Grup Feroviar Roman (GFR) will pay EUR202 million for a 51% stake in state-run freight rail carrier CFR Marfa, Transport Minister Relu Fenechiu said...
Remaining Bidder For CFR Marfa May Be Disqualified Over Demands – Minister
Romanian rail company Grup Feroviar Roman (GFR), the only remaining bidder in the privatization process of state-run freight rail carrier CFR Marfa, may be disqualified due to a series of co...
GFR To File Bids Friday For Privatization Of Bulgarian, Croatian Freight Railway Carriers
Romanian Grup Feroviar Roman (GFR) Friday will submit bids for the privatization of Bulgaria and Croatia’s freight railway carriers, which have cumulated turnover of EUR250 million and 10,00...
Owner Says GFR Has Secured Bank Loans To Buy CFR Marfa
Romanian Grup Feroviar Roman has EUR180 million, the starting price to buy state-owned freight rail carrier CFR Marfa, and has bank credentials from Raiffeisen Bank Austria, company owner Gr...