Grampet group buy the assets of the bankrupt RAFO Onesti platform

The Roserv Oil company, part of the Grampet group, has acquired the industrial platform of the RAFO Onesti refinery as part of a public tender coordinated by CITR, according to TheDiplomat.ro

The sale of the asset was completed according to a capitalization strategy approved by the creditors to RAFO Onesti as part of the insolvency procedure, with the aim of developing the largest logistics centre in Moldavia.

Roserv Oil is a newly established company that will focus on the development of nationwide logistics terminals for both containers and warehouses for petroleum products.

The company decided to buy the assets of the bankrupt RAFO Onesti platform, with the aim of developing the largest logistics centre for containers and petroleum products that will serve the region of Moldavia. This specialty complements the main activity of the Grampet Group, which is rail freight. With the takeover by Roserv Oil, the assets of RAFO Onesti become productive assets, part of the business of the Grampet Group, owned by businessman Gruia Stoica.

With the takeover by Roserv Oil, the platform could generate, in the long run, at least 600 jobs, and the first phase of the project involving the traded assets will generate over 200 jobs. In the near future, Roserv Oil will begin a process to evaluate existing facilities.

The company aims to attract partners from companies specializing in the production of raw materials and to put into operation several facilities available on the platform.

Read more HERE

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