OLTCHIM
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European Commission: Romania Must Recover EUR335M Incompatible State Aid From Oltchim
The European Commission has found that Romanian chemicals producer Oltchim received around EUR335 million of incompatible state aid from Romania, since the company's failed privatisation in...
Chimcomplex Borzesti Gets Total Financing of EUR164M to Buy Oltchim Assets
Chemical producer Chimcomplex Borzesti has total financing of EUR164 million to acquire assets of state-owned chemical plant Oltchim, of which EUR30 million from Credit Suisse.
Oltchim Completes Asset Sale Agreement With Chimcomplex
State-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) on Monday announced the completion of the asset sale agreement with chemical producer Chimcomplex Borzesti, within a transaction wort...
Oltchim’s Acquisition By Chimcomplex Due For Completion On December 12
State-run chemical plant Oltchim on Tuesday notified chemical producer Chimcomplex Borzesti, which had bought a large part of Oltchim’s assets, that the completion date of the transaction, w...
Competition Council Clears Chimcomplex’ Acquisition Of Some Oltchim Assets
Romania’s Competition Council has approved the transaction whereby chemical producer Chimcomplex Borzesti, held by businessman Stefan Vuza, had acquired some of the assets of state-owned che...
Oltchim 9-Month Net Profit Doubles To RON84M
Insolvent chemical plant Oltchim Ramnicu Valcea (OLT.RO) on Tuesday said its net profit soared 110.4% year-on-year to nearly RON84 million (EUR18 million) in January-September 2018.
Oltchim Extends Deadline For Submission Of Binding Offers For Its Non-Operating Assets
The judicial administrators of insolvent chemical plant Oltchim Ramnicu Valcea (OLT.RO) have extended the deadline, from October 31, 2018 to November 21, 2018, for the submission of binding...
Four Companies Submit Offers for Unsold Oltchim Asset Bundles
Four companies have submitted indicative offers for unsold asset bundles of insolvent chemical plant Oltchim Ramnicu Valcea (OLT.RO) by the July 31, 2018 deadline, Oltchim said Friday.
Competition Council Looks into Chimcomplex' Acquisition of Oltchim Assets
Romania's antitrust watchdog said Wednesday it was looking into the acquisition of assets from state-owned chemical plant Oltchim by chemical producer Chimcomplex Borzesti.