Valer Blidar, one of the most important Romanian industrialists,who controls Astra Vagoane Călători, says he mulled taking over astake in Cristian Burci's carriage plants, which are insolvent andfor which legal administrators are seeking an investor.
Blidar, 65, and Burci, 45, control two of Romania's largest railcompanies, with the difference that Blidar has focused on carriages(Astra Vagoane Călători), while Burci centred on freight transport(Astra Vagoane Arad, Meva and Romvag-companies underinsolvency).
Burci's plants, with 230m-euro total turnover in 2009, wentinsolvent in late 2010. The consolidated value of their debtsamounts to almost 150m euros, of which 100m euros are owed to RBSRomania, ING Bank, Citibank Europe and Piraeus Bank.
"I do not know who will rush to buy these plants," Blidarsaid.
Blidar maintains his company's sales in the first quarterdropped by 70% from a year ago on the plummeting Middle Eastmarkets.
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