The assets consist of lands and buildings, intellectual property rights, as well as other movable assets, mostly machinery, equipment, technologies and other similar goods.
The transaction is worth EUR127 million, as per a notification of Chimcomplex at the time of the acquisition.
Oltchim SA has been under insolvency since January 2013 and is currently managed by a consortium of judicial administrators, Rominsolv SPRL and BDO Busines Restructuring SPRL, respectively. At the end of 2016, the company set off the sale process of nine assets bundles within the reorganization stage of the insolvency proceedings.
In December 2017, Chimcomplex acquired five whole assets bundles and partly one, for RON582 million (EUR127 million).
Chimcomplex is part of Romanian industrial group SCR, held by Stefan Vuza, and operates exclusively in the field of chemical products manufacturing.