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People & Business :: Companies
Report: Five investors show interest in acquiring Romania's Oltchim
5:38 AM MST | January 23, 2014 | Francinia Protti-Alvarez
Five investors have shown interest in taking over debt-ridden petrochemical producer Oltchim (Ramnicu Valcea, Romania), according to a report from Romania's national press agency, Agerpress. The company filed for insolvency in early 2013. Oltchim's creditors' assembly set the value of the company's assets at €305.2 million last month, as reported by CW. The interested parties, according to the report, are: a consortium made up of PCC Group (Duisburg, Germany) and investment fund Fortissimo (Rosh Haayin, Israel); a consortium including Baota Petrochemical...
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