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Romania may list a majority stake in CFR Marfa on Bucharest Stock Exchange

Romanian Government is rethinking the privatisation strategy of the state owned railway freight operator CFR Marfa and is considering selling a 51% stake on Bucharest Stock Exchange (BVB).

According to ministry of transport state secretary Iulian Matache,  this approach to the privatisation of CFR Marfa is a much clearer and transparent solution. However this approach is not new, the idea of listing CFR Marfa on BVB was first introduced  in 2008.

In 2013, three bidders submitted offers in the first privatisation attempt of CFR Marfa. After OmniTRAX Inc and Transferoviar Grup – Donau-Finanz GmbH withdraw from the tender, a sale agreement was signed in September with Grup Feroviar Român (GFR), Romania’s largest private railway freight operator. One month later, the privatisation process was canceled.

 

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