If the market value of the three insolvent rolling stockmanufacturers Astra Vagoane Arad, Meva and Romvag, controlled byinternational group Railway Systems (IRS) held by Cristian Burci,amounts to 103 million euros, according to the judicialadministrator of Astra Vagoane Arad.
The consolidated debts of the three plants that went insolventat the end of last year amount to 150 million euros.
The court-appointed administrators of insolvent plants AstraVagoane Arad, Meva and Romvag, which posted a 230 million-euroturnover in 2009, are seeking an investor interested in buying themajority stake in the three plants.
RBS Bank Romania, ING Bank, Citibank Europe and Piraeus Banklent 504 million lei (120 million euros) for the development ofBurci's plants, and are now among the top creditors that have moneyto recoup from the businessman's plants, according to data on thelist of creditors.
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