Romania’s CFR Eyes EUR32.6M From Land Sale To Pay Energy Debts

Romania’s state-owned railway company Caile Ferate Romane SA eyes EUR32.6 million (VAT included) from selling lands on the Commodities Exchange, the exchange said in a statement Monday.

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The money will be used to pay nearly half of its debts to electricity distribution companies.

Four of the lands to be auctioned are located in capital city Bucharest, and one in Ploiesti City, 60 kilometers from Bucharest.

Interested buyers may submit offers by December 24.

The auction is scheduled for mid-November.

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