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August 3, 2021

PCC will present reorganisation concept for Oltchim on April 30

PCC SE, minority shareholder in SC Oltchim SA Ramnicu Valcea, drafted its own concept of reorganising Oltchim, which it will present in the General Meeting of Shareholders scheduled for April 30. The reorganisation conceived by PCC includes all the parts of the chemical plant, as well as Arpechim, Divizia Petrochimie.

As for the report about why the plant went insolvent, devised by the judicial administrator, PCC SE considers that Oltchim shareholders must be informed on whether the reorganisation solutions proposed in the report are to be enacted and how they will be implemented.

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