CFR Marfă is the state-owned freight railway business of Romania.[1]
CFR Marfă logoCFR Marfă tank car
Formerly the freight division of Căile Ferate Române (CFR), it was separated in 1998 to become a semi-independent business.
In April 2013, under pressure from the IMF to reform the state sector,[2] the Romanian government offered to sell a 51% stake in CFR Marfă[3] In May 2013, three bids were received; from OmniTRAX, SC Grup Feroviar Român, and a partnership between Transferoviar Grup and Donau-Finanz.[4] The government rejected all three bids.[5] In September 2013, the 51% stake in CFR Marfă was sold to Grup Feroviar Român for €202 million, although complete payment would be deferred until the deal is approved by competition authorities.[6]
CFR Marfă is making heavy losses. In 2013, it expects to lose €47 million; it lost €20 million in 2012 on earnings of €288.8 million. It has not posted a profit since 2007.[7] As part of the privatisation, the Romanian government has allocated CFR Marfă 606 million lei (€137 million) of rail infrastructure debts.[8]
^. 19 March 2013. Archived from the original on 19 March 2013. Retrieved 7 April 2013.
^"CFR Marfă va prelua datorii la stat de 606 mil. lei de la CFR Infrastructură". Curierul Național. 16 March 2013. Retrieved 7 April 2013.
External linksedit
CFR Marfă Official Website
January 01, 1970
marfă, state, owned, freight, railway, business, romania, logo, tank, formerly, freight, division, căile, ferate, române, separated, 1998, become, semi, independent, business, april, 2013, under, pressure, from, reform, state, sector, romanian, government, off. CFR Marfă is the state owned freight railway business of Romania 1 CFR Marfă logo CFR Marfă tank car Formerly the freight division of Căile Ferate Romane CFR it was separated in 1998 to become a semi independent business In April 2013 under pressure from the IMF to reform the state sector 2 the Romanian government offered to sell a 51 stake in CFR Marfă 3 In May 2013 three bids were received from OmniTRAX SC Grup Feroviar Roman and a partnership between Transferoviar Grup and Donau Finanz 4 The government rejected all three bids 5 In September 2013 the 51 stake in CFR Marfă was sold to Grup Feroviar Roman for 202 million although complete payment would be deferred until the deal is approved by competition authorities 6 CFR Marfă is making heavy losses In 2013 it expects to lose 47 million it lost 20 million in 2012 on earnings of 288 8 million It has not posted a profit since 2007 7 As part of the privatisation the Romanian government has allocated CFR Marfă 606 million lei 137 million of rail infrastructure debts 8 See also editRolling stock of the Romanian Railways Căile Ferate Romane Rail transport in RomaniaReferences edit Jane s World Railways 2009 2010 p 373 ISBN 978 0710629043 Romania reluctant state sell offs restart with CFR Marfa Financial Times London 5 April 2013 Retrieved 7 April 2013 CFR Marfa privatisation bids invited Railway Gazette International Retrieved 8 April 2013 CFR Marfa privatisation bids in Railway Gazette International Retrieved 11 May 2013 All CFR Marfa privatisation bids rejected Railway Gazette International Retrieved 18 May 2013 CFR Marfa sale agreement signed Railway Gazette International Retrieved 3 September 2013 Romanian state owned rail freight company CFR Marfa expects to double losses in 2013 19 March 2013 Archived from the original on 19 March 2013 Retrieved 7 April 2013 CFR Marfă va prelua datorii la stat de 606 mil lei de la CFR Infrastructură Curierul Național 16 March 2013 Retrieved 7 April 2013 External links editCFR Marfă Official Website Retrieved from https en wikipedia org w index php title CFR Marfă amp oldid 1223946665, wikipedia, wiki, book, books, library,
