Also at stake is the EUR1 million deposit that the company controlled by Bayfront Capital Partners made for the Cupru Min auction.
The Economy Ministry announced on April 6, the deadline for the signing of the privatization contract of Cupru Min, that talks with Roman Copper, which had bid EUR200.8 million for 100% in the copper producer, had irrevocably ended and that the privatization process would be resumed.
On the other hand, Roman Copper made a statement after the talks that was the complete opposite of the ministry’s statement, saying it had reached a definite verbal agreement with the Romanian authorities over Cupru Min. The talks were conducted via Mararu&Mararu, the law firm that represented Roman Copper until recently.
NNDKP would not comment on the information. The firm, however, is very familiar with Cupru Min case because it represented Swiss-held Mineco with Russian roots, which bought the conditions of contract book for Cupru Min and took over the second-leading copper producer in Romania, Moldomin Moldova Noua.
(English version by Loredana Fratila-Cristescu)