this is why you don't deal with romanians, page-3

Horsetrader I am only a layman but surely the Part B of the conditions would be the sticking point , after all it is not just a guarantee in the form of a refundable bond but rather the 32.3mill euros must be spent and is payable up front.
So that means the Canadian bid would have become 233 mill euros payable within 30 days not the 200.8 mill euros which was the bid.
But you may well have hit the nail on the head when you say "I suppose the other question to ask is whether these conditions were part of the initial contract and the purchaser wished to change them"; or alternatively, whether the original conditions of sale were amended slightly [like 32.2 mill euros worth] by the romanians in terms of upfront paymants?