IHS Chemical Week

World News and Views :: Top of the News

Shareholder Unrest Continues at Romania's Oltchim

5:14 AM MDT | September 22, 2011 | Ian Young

Private equity firm Carlson Ventures International (London) says it is considering divesting its 14% stake in Oltchim (Ramnicu Valcea, Romania) because it is "deeply worried with the continuous worsening of Oltchim's financial situation, characterized by escalating debts and financial losses." Oltchim, owned 55% by the Romanian government, cut its output to 30% of nameplate capacity for the months of August and September to cut costs because the company cannot finance its working capital. Oltchim reported losses of RON70 million for the first half of...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa