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Romanian Government Wants To Convert CFR’s EUR900M Debt Into Shares

March 12, 2012

The debts of Romanian state-owned railway operator CFR SA to the state budget and the risk fund, amounting to 3.99 billion lei (about EUR917 million) at the end of 2011, will be written off by the Government by converting debt into shares, according to a draft emergency ordinance.

The text of this article has been partially taken from the publication:
http://www.mediafax.ro/english/romanian-government-wants-to-convert-cfr-s-eur900m-debt-into-shares-9388166
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