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Oltchim privatization delayed

5:56 AM MST | February 18, 2014 | Ian Young

The privatization of insolvent chemicals and petrochemicals producer Oltchim (Ramnicu Valcea, Romania) has been delayed by almost two months, the company says. The deadline for the submission of binding offers to acquire Oltchim SPV—a special-purpose vehicle containing the core assets of Oltchim—has been put back from 31 January to 28 March. Oltchim's creditors approved the delay at a recent meeting with the company's administrators. Investors interested in acquiring Oltchim had requested the delay, the company says. The administrators, Rominsolv...

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