OLTCHIM
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Oltchim's Chairman Resigns
Karoly Borbely, a former secretary of state with the Economy Ministry, resigned from the Board of Romanian state-owned chemical producer Oltchim (OLT.RO), which he chaired, citing personal r...
Catalin Bulboaca Steps Down From Oltchim's Board
Adrian-Catalin Bulboaca, managing partner of law firm Bulboaca & Asociatii, resigned Wednesday from its position of interim member of the Board of Romanian chemical producer Oltchim Ramnicu-...
Romania To Appoint Private Managers For State Companies By October
Romania will appoint private managers to run state-owned companies by October and the first companies targeted are hydropower generator Hidroelectrica and natural gas transporter Transgaz (T...
Romania To Privatize Oltchim In September, Resume Cupru Min Sale
Romania will privatize chemical producer Oltchim Ramnicu Valcea (OLT.RO) in September and resume the sale of copper producer Cupru Min, the country’s minister-designate for economy, Daniel C...
Government Change Delays Romania's Privatization Plans
Oltchim Ramnicu Valcea (OLT.RO), the largest chemical plant in Romania, posted losses of 82.8 million lei (around EUR19 million), which means that for every day its privatization is delayed,...
Oltchim Loss Widens To RON82.8M In First Quarter
Romania’s state-run chemical producer Oltchim Ramnicu Valcea (OLT.RO) on Thursday said its loss widened substantially in the first quarter, as sales nearly halved on the year.
Oltchim Hopes To Break Even In FY 2012
Romania’s state-run chemical producer Oltchim Ramnicu Valcea (OLT.RO) plans to break even in the financial year ending December 2012, after five consecutive years of losses.
Four Companies File Non-binding Bids For Oltchim Privatization
Russian energy producer TISE, Germany’s PCC SE, Pegamont Ploiesti and Aisa Invest Cluj have submitted non-binding offers for the privatization of Romanian state-run chemical producer Oltchim...
PCC Wants Updated Assessment Of Oltchim’s Debt To Romania
German PCC SE, a large shareholder in Romanian chemical company Oltchim (OLT.RO), has requested an updated assessment of the company’s public debt to the state privatization authority AVAS,...