Two weeks ago, Transport Minister Relu Fenechiu said CFR Marfa’s privatization announcement will be published on April 6 or April 8.
Under a EUR3.6 billion loan agreement with the International Monetary Fund, the Romanian Government has pledged to sell shares in several key state-run companies, including Transgaz (TGN. RO), CFR Marfa, natural gas producer Romgaz and nuclear power company Nuclearelectrica.
Authorities promised to sell a majority stake in CFR Marfa by mid-May, with the deal to be complete once all conditions in the sale-purchase agreement are satisfied.