“CFR Marfa will continue its privatization procedure. We will be meeting our partners with the IMF and European Commission these days to discuss the calendar,” said Manescu, adding a privatization calendar agreed in principle is expected to be presented in a Cabinet meeting later this week.
She added the escrow account into which Grup Feroviar Roman (GFR) transferred EUR20 million of the EUR202 million it bid for CFR Marfa has been unblocked and the company will get its money back. GFR will also get back the EUR10 million it deposited as guarantee to be allowed to bid for the freight carrier.
The sale of 51% in CFR Marfa failed as sale procedures were not completed by the October 14 deadline.