Government Wants To Convert CFR’s EUR1B Debt Into Shares

01.16.2012 By Ioana Tudor

The debts of Romanian state-owned railway administrator CFR SA to the state budget and the risk fund, amounting to 4.5 billion lei (over EUR1 billion) at the end of 2011, will be written off by the Government by converting debt into shares, according to a draft emergency ordinance.

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