Report: Oltchim could be split in two under reorganization plan

Oltchim (Râmnicu Vâlcea, Romania) could be split in two to pay down debt and help attract investor interest before a majority stake is sold to an investor to meet requirements under a precautionary International Monetary Fund loan accord, according to a Ziarul Financiar report. Under the reorganization plan, a special purpose vehicle would be created to transfer the company's viable assets. Nonviable assets would be liquidated to help pay off debt, which now is close to €800 million ($1 billion), according a Bloomberg report. Oltchim's creditors...

This information is only available to Chemical Week subscribers.

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

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers