Romanian Railway Group took-over Rompetrolaa‚¬a„¢s rail transport activities

Newsroom 20/12/2010 | 15:52

Grup Feroviar Roman (GFR) has won the bid to take over Rompetrol’s railway transport activities. The deal included 350 employees who work for Rompetrol Logistics and the company’s wagons and railway engines.

According to company information, the railway transport contract signed by GFR, part of Grampet Group with Rompetrol covers three years, with the possibility to expand the contract for two more years.

Grampet Group – with clients as OMV Petrom, ArcelorMittal, Conpet and Lukoil – controls the Remar Pascani wagon repair unit and Reva Simeria and Transbordare Vagoane Marfa (TVM). The company controls over 13,500 train wagons and 280 locomotives.

The group has been investing in six countries in the SEE in the last years. In Hungary, Grampet Group has bought both rail freight operator Hungary Train and wagon factory.

In Bulgaria, the company holds the majority of Bulgarian Railway Company, the largest private railway operator in the neighboring country. Also, the last two years, Grampet Group acquired a majority stake in a wagon factory in Serbia, as well as similar companies in the Republic of Moldova and Ukraine. It employs 8,500 people in these countries.