GFR’s offer was by EUR22 million higher than the EUR180 million asking price.
The privatization of CFR Marfa is prerequisite for the successful completion of a EUR3.6 billion loan program Romania and the International Monetary Fund have signed two years ago.
GFR has undertaken additional investments of 900 million lei (EUR202 million) in CFR Marfa, Fenechiu told a news brief.
He said the sale agreement will likely be concluded next week. (EUR1=RON4.4534)