The sale is to be finalized within 60 days of publication, namely by mid-October. According to the sale conditions, GFR must set up a bank deposit of EUR20 million and get antitrust authority clearance.
The selling price for the 51% stake in CFR Marfa is RON904.98 million (EUR202 million).
According to the government decision, if the sale is not finalized within 60 calendar days, the contract is rightfully terminated.
In June, Grup Feroviar Roman (GFR) won the auction to take over 51% of CFR Marfa, offering EUR202 million. GFR also committed to invest RON900 million in the company and another EUR1.5 million in environmental projects.