In March, the ministry awarded a 2.5 million lei (EUR570,000), VAT included contract to a consortium led by U.S. consultancy firm Deloitte to advise on the sale of CFR Marfa.
Transport Minister Relu Fenechiu announced the new managers of CFR Marfa in February. The company’s Board chairman is Aysun Mustafa, economist and banker, and general manager is Alexandru Dragos Draghici.
Under a EUR3.6 billion loan agreement with the International Monetary Fund, the 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. (EUR1=RON4.4219)