* "After the signing of the contract for the privatization of CFR Marfă we will cooperate with the Competition Council"
All big companies use loans for significant investments, says Gruia Stoica, the owner of the Grampet group, which includes Grup Feroviar Român (GFR), the company which was designated as the winner of the privatization of CFR Marfă, as president Traian Băsescu said that banks are not willing to lend large amounts to companies.
Gruia Stoica answered several questions we asked him yesterday, and he told us that and said that GFR has an old relationship with Raiffeisen Bank Austria, from which it has obtained the letter of good standing and the letter of bank guarantee in the privatization process it has won.
GFR will begin the cooperation with the Competition Council after signing the contract for the sale of the stake in CFR Marfă, Gruia Stoica told us. The Competition Council expects the notification file from GFR (which controls about 30% of the market) in order to determine whether its acquisition of CFR Marfă (with a market share of almost 50%), will result in the creation of an economic concentration.
Reporter: Will you access a syndicated loan in order to pay the almost 200 million Euros which you have pledged to pay for half of the shares of CFR Marfă?
Gruia Stoica: All major companies do that when they make investments of that scale, they borrow money, and we are a major group, I don't see why we couldn't do the same thing. They are all in a hurry to criticize us for the fact that we want to do a good thing for România, because it isn't just our privatization, it is the privatization of the entire country. It is our success, everybody's.
Reporter: Speaking of the money you are going to use to pay for this deal, did you continue your cooperation with the bank, after Herbert Stepic was replaced as the CE
