Romanian, US investors submit bids for the acquisition of 51 pct in CFR Marfa Sources

Three bids were submitted before the expiration of the deadline on Wednesday for the acquisition of 51 percent in CFR Marfa, company sources have told Agerpres.

The bids were submitted by two companies from Romania – Grup Feroviar Roman (GFR) and Transferoviar Grup in association with Donau-Finanz GmbH&CO KG Austria and one investor from the United States of America.

The opening of the envelopes containing the tendering documents is scheduled for May 9, 11 am, the checking and the analyse to follow until May 15, 12 am, when the list of investors pre-qualified for participation in the further privatisation procedure of CFR Marfa will be made public, along with the list of those which failed to qualify.

Grup Feroviar Roman, owned by businessmen Gruia Stoica and Vasile Didila, is a company running entirely on integrated private capital, providing freight railway transport services and services related to railway transport. GFR manages a fleet of 8,000 wagons and 260 engines. In association with CFR Marfa making the Rolling Stock company, GFR hit 4.5 million euros in 2012 profit.

Transferoviar Grup is a company set up in 2003, with its main object of activity being ensuring railway transportation/logistics services, carrying out actives in rolling stock construction and repair, building roads and motorways and a wide range of rail services. Moreover, by accessing European funds, the company got involved in developing the private railway infrastructure, at the moment building a container terminal in Aiud. The company activates both on the Romanian and on the international market.

Donau-Finanz GmbH & Co KG Austria is an investment fund with tradition in Austria, established in 1957, administrating assets worth more than 2 billion euros in fields such as asset management, investments, mergers and acquisitions, restructuring, residential development. Donau-Finanz also qualified for the final phase of the privatisation process of the freight unit of BDZ Freight Services from Bulgaria.

CFR Marfa

Source : Balkans

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