OLTCHIM
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Administrators Expect Oltchim Sale By Yearend
Creditors of Romanian insolvent chemical company Oltchim SA (OLT.RO) will discuss the reorganization plan in March, which includes the sale for EUR307 million, according to lawyer Gheorghe P...
Oltchim 2014 Loss Narrows 46% To RON509.4M
Romanian insolvent chemical company Oltchim SA (OLT.RO) narrowed its loss by 46% in 2014, to 509.4 million lei (EUR114.6 million), from RON946 million in 2013, on the backdrop of using 24.3%...
Oltchim’s Reorganization Plan To Include Its Sale
The reorganization plan of Romanian insolvent chemical company Oltchim SA (OLT.RO) will stipulate the company’s sale to an eligible buyer, Oltchim said in a statement Tuesday.
Oltchim 2014 Turnover Up 25% To EUR141.2M
Romanian insolvent chemical company Oltchim SA (OLT.RO) registered a 25% higher turnover in 2014, of EUR141.19 million, largely due to higher exports and lower crude oil prices.
Oltchim Administrators To Present Reorganization Plan In February
The administrators of Romanian insolvent chemical company Oltchim SA (OLT.RO), RomInsolv and BDO Business Restructuring, will present the company’s reorganization plan in February, which wil...
Oltchim Turnover Up 21.3% To RON436M In January-September
Romanian insolvent chemical producer Oltchim Ramnicu Valcea (OLT.RO) on Wednesday said its turnover rose 21.3% to 436 million lei (EUR98 million) in January-September 2014, from RON359.4 mil...
PCC SE Wants Romanian State To Draw Up Oltchim’s Reorganization Plan
German company PCC SE, the biggest private shareholder of Romanian insolvent chemical company Oltchim SA (OLT.RO), proposed that the Romanian state, its main creditor, should draw up the com...
Oltchim 1H Loss Narrows 22% To RON115.2M
Romanian insolvent chemical producer Oltchim Ramnicu Valcea (OLT.RO) on Wednesday said its loss narrowed 22% to 115.2 million lei (EUR25.97 million) in the first half, from RON147.5 million...
Oltchim Posts Highest 2013 Loss In Romania
The highest loss posted by a company in Romania last year stood at EUR220 million and was reported by Oltchim. Financial institutions posted five of the ten highest losses in 2013.