Oltchim assets sale period extended

Oltchim Ramnicu-Valcea’s creditors have approved a two-month extension of the company assets’ sale period, from January 31 to March 28, at the request of potential investors. “This postponement was approved as a consequence of the requests received from the investors interested in the process of reorganizing Oltchim’s activity,” a communiqué issued by the chemical plant and transmitted to the Bucharest Stock Exchange on Wednesday reads. The Economy Ministry, Oltchim’s majority shareholder, set up a new company last December, called Oltchim SPV. The new company has taken over the chemical plant’s assets. Oltchim SPV’s assets are estimated at EUR 305.24 M, a value that does not represent the maximum price limit.

Related posts

The first mobile application in Romania designed for an airport

Nine O' Clock

ANAF makes VAT refunds worth RON 1.3 bln in July

Nine O' Clock

WEF: The world is suffering from “global burnout syndrome”


Leave a Comment