BUSINESS

Oltchim to be privatized by April-May 2012

According to Secretary of State Karoly Borbely, Oltchim Ramnicu-Valcea will be privatized by April-May 2012, and by the end of this year the Ministry of Economy, Commerce and Business Environment (MECMA), the company’s majority shareholder, will select an investments bank that will seek out potential investors, Mediafax informs. Oltchim is on the list of companies that will have private management by the end of this year, in line with the commitments that the government took in its negotiations with the IMF.

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