Businessman Cristian Burci is in talks to buy Astra Vagoane Arad factory
from the Americans at Trinity Industries. The deal also entails buying other
companies of the European division of Trinity Industries, which wants to get
out of Europe and focus on North America instead.
Market sources say that Burci is very close to striking a deal. The eight
entities to be part of the transaction are three Romanian companies, the
largest of which is Astra Vagoane Arad, a factory from the Czech Republic,
two from Slovakia, one from Switzerland and one from the UK. The buyer will
be International Railway Services S.
A. (IRS), a Romanian company registered in Luxembourg, which is controlled
by businessman Cristian Burci, known to invest in mass-media, advertising
and more recently in industry. IRS and Trinity's European factories will
make a cumulated turnover put at 350 to 400 million euros in 2006, the same
sources stated. The value of the deal was not disclosed, and talks involve
all the eight companies and are not carried out on a factory-by-factory
basis. In Romania, businessman Cristian Burci controls Meva Drobeta Turnu
Severin, train car factory Romvag Caracal, has a 33% stake in Severnav
shipyard and owns the couponing company CuponPro. Cristian Burci is known
for his investments in media and advertising. He is the founder of
advertising company Graffiti BBDO. Last year he sold about 50% in Prima TV
to SBS Broadcasting. He is known as being close to the former ruling party,
PSD (Social Democrat Party).
source
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