The Transport Ministry said Thursday the three potential investors are the only ones which filed papers to prequalify for the auction to sell a majority stake in CFR Marfa, after prequalification procedures were resumed.
Last week, the Transport Ministry’s privatization committee rejected the three bids after analyzing their papers, arguing that documents were incomplete.
The ministry relaxed turnover requirements allowing firms with less than EUR100 million in turnover, but no less than EUR20 million, to participate in the auction.
Companies interested in CFR Marfa had until Thursday to file papers for the prequalification phase of the auction.
The Transport Ministry will auction off 51% of the company in June and the starting price is 798.05 million lei (EUR180 million).
The procedure includes three phases: prequalification, negotiation based on preliminary non-binding offers and sealed-bid auction.