IHS Chemical Week

Regions :: Eastern Europe

Report: Oltchim could be split in two under reorganization plan

10:59 AM MDT | March 13, 2013 | Francinia Protti-Alvarez

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.

Username:
Password:

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

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

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

 

 

 













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2014 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