OLTCHIM
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European Commission Ends Investigation into Romania’s Aid to Oltchim
The European Commission closed the investigation started in 2018 with relation to the Romania’s EUR335 million aid to Oltchim, as the petrochemical company was declared insolvent in 2019 and ceased its economic activities.
Uzuc Ploiesti Buys 94.4% in Sistemplast from Oltchim
Romanian industrial equipment manufacturer Uzuc Ploiesti (UZC.RO), indirectly owned by businessman Stefan Vuza, said Tuesday it has acquired 94.4% in Sistemplast from Oltchim Ramnicu Valcea...
Oltchim To Withdraw From Bucharest Stock Exchange As Of Nov 7, 2019
The shares of Romanian state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) will be withdrawn from trading on the Bucharest Stock Exchange, starting November 7.
Court Overrules Electrica's Appeal to Oltchim's Bankruptcy
The Pitesti Court of Appeals has overruled as unfounded Electrica's opposition to the opening of bankruptcy procedures for chemical plant Oltchim Ramnicu Valcea. The ruling is final.
Electrica Opposes Oltchim Bankruptcy
State-owned energy utility Electrica (EL.RO), a creditor of chemical plant Oltchim Ramnicu Valcea, has appealed the court decision allowing the chemical plant to start bankruptcy proceedings...
Court Allows Start of Bankruptcy Procedures for Oltchim
Chemical plant Oltchim Ramnicu Valcea (OLT.RO) may start bankruptcy procedures, the local court ruled, upholding the request put in by judicial administrators ROMINSOLV and BDO Business Rest...
Chimcomplex Becomes Romania's Largest Exporter after Acquiring Oltchim Assets
Romanian chemical producer Chimcomplex said Thursday it has become the country's largest exporter and its turnover grew to RON343.3 million in the first quarter, 4.6 times higher than in the...
Chemical Plant Oltchim Opens Bankruptcy Procedures
The consortium of judicial administrators of insolvent chemical plant Oltchim Ramnicu Valcea has started bankruptcy procedures after the company's deadline to implement a reorganization plan...
Oltchim Net Profit Plunges To RON6.74M In 2018 From RON47.73M In 2017
The net profit of state-owned chemical plant Oltchim Ramnicu Valcea (OLT.RO) fell to RON6.74 million in 2018, from RON47.73 million in 2017, and its turnover grew 19% year-on-year to RON1.41...