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Regions :: Eastern Europe :: Hungary

Oltchim privatization delayed again, bidders interested in buying refinery

5:26 AM MDT | April 4, 2014 | Ian Young

The Romanian government has delayed for a second time, by up to 45 days, the deadline for submission of binding offers to acquire the state's majority stake in chemicals and petrochemicals producer Oltchim (Ramnicu Valcea, Romania), Romanian press reports say. The first postponement of the deadline was from 31 January to 28 March but no bids had been submitted by the revised date. However, Romania's economy minister Constantin Nita, quoted in the press reports, says that the delay was requested by potential bidders that are interested in buying Oltchim together...

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