U.S. company OmniTRAX, Romanian private freight railway carrier Grup Feroviar Roman (GFR) and a consortium of two companies filed papers for the prequalification phase of the auction to privatize CFR Marfa. The consortium is made up of Transferoviar Grup (TFG) and Donau-Finanz GmbH & Co KG Austria.
The Transport Ministry’s privatization committee rejected the three entities after analyzing their papers, and requalification procedures will be resumed, the ministry said Wednesday.
The Transport Ministry will auction off 51% of CFR Marfa in June and the starting price is 798.05 million lei (EUR180 million).
The procedure will include three phases: prequalification, negotiation based on preliminary non-binding offers and sealed-bid auction.
In April, Romania’s Transport Ministry extended the paper filing deadline for the prequalification phase of the auction by about two weeks, until May 8, and the winner of the auction would be announced on June 20.