Romanian, American and Austrian companies to bid for Romania’s CFR Marfa
Three bidders signed up in the race to take over Romanian state-owned freight railways operator CFR Marfa, local media reported. One of the bidders is a Romanian company, Grup Feroviar Roman, while another Romanian company has created a consortium with an Austrian group. Denver, Colorado-based OmniTRAX and the association between Transferoviar Grup and Donau-Finanz GmbH & Co KG Austria are the other two bidders, business site Romania-insider said. The deadline for submitting offers had been pushed back to May 8, from the previous April 22. The winner should be announced mid-June, and this privatization is among the pledges Romania has made to the International Monetary Fund.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.