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Chemical Week Magazine :: Newsbriefs
Oltchim privatization plans delayed until late March
7:49 AM MST | February 28, 2014
The privatization of insolvent chemicals and petrochemicals producer Oltchim (RĂ˘mnicu VĂ˘lcea, Romania) has been delayed by almost two months, the company says. The deadline for the submission of binding offers to acquire Oltchim SPVâ€”a special-purpose vehicle containing the core assets of Oltchimâ€”was put back from 31 January to 28 March. Oltchimâ€™s creditors approved the delay at a recent meeting with the companyâ€™s administrators. Investors interested in acquiring Oltchim had requested the delay, the company says. The administrators, Rominsolv (Bucharest)...
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