Grup Feroviar Român (GFR) has won the bid to take over Rompetrol's railway transport activities, including the 350 employees who work for Rompetrol Logistics and the company's wagons and railway engines.

The railway transport contract signed by GFR with Rompetrol covers three years, with the possibility to expand over two more years. The transaction will consolidate GFR's position on its main market, the transport of oil products, said Gruia Stoica, president of Grampet group, GFR's mother company.

Rompetrol aims at optimizing its business while outsourcing some of the non-core activities.  Grampet Group controls the Remar Pascani wagon repair unit, as well as Reva Simeria and Transbordare Vagoane Marfa (TVM). The company controls over 13,500 train wagons and 280 railway engines.

The group has been investing in six countries in the South – Eastern Europe in the last years. In Hungary, Grampet Grup owns Train Hungary and a wagon factory. In Bulgaria, it owns the majority share package in Bulgaria Railway Company. It also bought the majority share package in a wagon factory in Serbia, a transport company in the same country, as well as similar companies in the Republic of Moldova and Ukraine. It employs 8,500 people in these countries.

editor@romania-insider.com