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The total price for buying CFR Marfa is of 904,980,000 Ron. The contract stipulates that if the deal is not done in a maximum period of 60 days, because of any reason, except a buyer’s fault, the contract is declared void and no penalties apply.
GFR is a part of the Grampet Group, which is controlled by business man Gruia Stoica. GFR will get 51% of CFR Marfa provided they will invest the promised 900 million ron plus 1.5 million euro for environment protection. The government approved the contract with GFR, but the CSAT (Country’s Security Commission) must still validate the terms. The presidency announced that this procedure is a first, saying that CSAT never validated a contract after the tender was final. The executive powers said that if CSAT will not validate the contract, then the privatizing will be stopped and new procedures will come into play, like private management and company restructuring.
