OLTCHIM
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Oltchim To Work On Debt Payment Schedule With Electrica
Romanian chemical company Oltchim (OLT.RO) Thursday said it will establish a payment schedule for its debt to energy supplier Electrica, a day after the latter has terminated an agreement si...
Oltchim Dodges Blackout As Contract With Electrica Ends But Lights Stay On
Romanian electricity supplier Electrica on Tuesday terminated its electricity supply contract with chemical company Oltchim (OLT.RO), and deliveries to the plant were taken over by Electrica...
Electrica Threatens Blackout At Oltchim, Over Unpaid Bills
Romanian state-owned electricity supplier Electrica reduced volumes delivered to chemical company Oltchim (OLT.RO), because of a debt worth more than EUR100 million, and it is summoning the...
Oltchim Maintains Furlough For 1,000 Employees
Romanian chemical company Oltchim (OLT.RO) will maintain 993 employees on furlough in January 2012, continuing a measure taken over the past five months for lack of raw materials and working...
Economy Ministry Selects Adviser For Oltchim Privatization
The Economy Ministry on Monday announced that it has selected PricewaterhouseCoopers as advisers for the preparation and unfolding of privation at chemical plant Oltchim (OLT.RO).
Government Postpones Oltchim Privatization Until April 2012
The International Monetary Fund has agreed to a four-month extension until April 2012 of the privatization deadline of Romanian state-run chemical plant Oltchim (OLT.RO), the government said...
Oltchim Board To Discuss Rebound Solutions With PCC
The management of Romanian refinery Oltchim (OLT.RO) has agreed to meet with German minority shareholder PCC SE and discuss the latter’s proposed alternatives to mend the company’s financial...
PwC, KPMG And Taylor-DeJongh File Bids To Advise On Oltchim Sale
PricewaterhouseCoopers Management Consultants, KPMG Romania and investment bank Taylor-DeJongh have filed bids to advise on the sale of Romanian state-run chemical company Oltchim (OLT.RO),...
Oltchim Maintains Furlough Throughout December
Romanian chemical company Oltchim Ramnicu-Valcea (OLT.RO) will keep some 1,000 employees on furlough in December as well, for the fifth consecutive month of furlough, because of raw material...