Saudi company selected for Electroputere privatization

The Authority for State Assets Recovery-AVAS in Bucharest has selected Saudi-based Al Arrab Contracting Company Ltd. For the takeover of 62.82% of Romanian company Electroputere Craiova,, an AVAS press release says. The next phase in the Electroputere privatization process, which is based on final offer negotiation, is the negotiation of contractual clauses.According to AVAS, Al Arrab Contracting Company is experienced in railway construction, industrial machines production, construction ...

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