OLTCHIM
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Oltchim Privatization Auction Set For May 31
The auction for the privatization of Romanian chemical company Oltchim (OLT.RO) will take place on May 31, Florin Vladan, head of privatization authority OPSPI, told a news conference Tuesda...
Romania Announces Two-Stage Privatization For Chemical Producer Oltchim
Romania’s Economy Ministry will use a two-stage privatization scheme to sell its 54.8% stake in state-run chemical plant Oltchim Ramnicu-Valcea (OLT.RO), according to the privatization annou...
Oltchim Trades Up 5% After EU Clears State Aid
The shares of Oltchim (OLT.RO) were up 4.9% in late trade Friday in Bucharest, after being suspended for six hours pending an announcement regarding the clearance of a state aid for the trou...
EU Clears Romanian Oltchim’s Debt-Swap Deal
The European Commission has authorized Romania’s planned debt-to-equity conversion of public debt amounting to around EUR135 million for chemical producer Oltchim SA (OLT.RO), state official...
Oltchim Names Karoly Borbely As New Board Chairman
Romanian state-run chemical company Oltchim Ramnicu-Valcea (OLT.RO) has appointed Karoly Borbely as the new chairman of the board, the company said in a statement Wednesday.
Oltchim Extends Furloughs Again
Romanian chemical company Oltchim (OLT.RO) Thursday said it has extended a furlough for more than 700 employees for another month until end-March, because of raw material and liquidity short...
Oltchim 2011 Loss Widens To RON270M
Romania’s state-run chemical producer Oltchim Ramnicu Valcea (OLT.RO) on Wednesday said its loss widened 20.9% on the year to 270 million lei (EUR63.7 million) in 2011, despite higher sales.
Oltchim’s Board Chairman Steps Down
Romanian state-run chemical company Oltchim Ramnicu-Valcea (OLT.RO) Thursday said Constantin Dascalu resigned his position of chairman of the board, citing personal reasons.
Oltchim Keeps 840 Employees On Furlough Through February
Romanian chemical company Oltchim (OLT.RO) will keep 840 on furlough throughout February as well, continuing a measure taken over the past six months for lack of raw materials and working ca...