“The sale contract for CFR Marfa is currently pending approvals from the Transport Minstry and will be signed once these approvals are received. Probably next week,” said Chinde.
He added GFR aims to improve CFR Marfa’s services and make the company’s activity more efficient.
Grup Feroviar Roman is the biggest private railway transport company in Romania and is part of Grampet group, owned by businessman Gruia Stoica.
GFR offered EUR202 million fort a 51% stake in CFR Marfa and committed to invest RON900 million in the company and another EUR1.5 million in environmental projects.
According to the transport minister, CFR Marfa currently has debts of EUR100 million, which GFR will take over.