Romania: reluctant state sell-offs restart with CFR Marfa

Slowly but surely, Romania is limbering up for its next sell-off of state-owned companies. Under IMF duress, the country may be about to shed some of its weighty burden of strategically important but failing enterprises.

On Friday, Reuters reported that Romania was launching the sale of a majority stake in CFR Marfa, the country’s rail freight operator. The starting price was set at 797.1m leu ($234m).