Oltchim Privatization Delayed for Four Months

The International Monetary Fund (IMF) has agreed to a four-month extension, until April 2012, of the deadline for the previously announced privatization of chemical company Oltchim (Ramnicu Valcea, Romania). The delay is covered by a letter of intent, signed by the Romanian government and the IMF earlier this month. The government will select an investment bank by mid-February to manage the privatization, reports say. The government nor Oltchim is permitted to acquire the Pitesti, Romania refinery of Arpechim before Oltchim's privatization, according to the...

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