Grup Feroviar Roman is the biggest private railway transport company in Romania and is part of Grampet group, owned by Stoica.
It recently won an auction organized by the Transport Ministry to privatize CFR Marfa and offered EUR202 million for a 51% stake in the railway operator. GFR also committed to invest RON900 million in the company and another EUR1.5 million in environmental projects.
“GFR/Grampet is a bankable company, with no debts to the state budget, and will pay the money offered for CFR Marfa,” Stoica said, adding that the company has already paid the EUR10 million guarantee stated in the taskbook.
“We focus on a strategy to integrate CFR Marfa into GFR/Grampet after the contract is signed, as well as on getting the Competition Council’s approval of the transaction,” he explained.
Stoica said in June the company received creditworthiness letters from Raiffeisen Bank Austria to participate in the auction.
President Traian Basescu said Monday the firm that won the auction to take over CFR Marfa lacks the money needed to seal the deal and is seeking financing from banks.