In December 2018, the Commission found Oltchim got an incompatible aid from the Romanian state and requested Romania recoup it.
On May 8, 2019, Oltchim was declared insolvent and ceased its economic activity. Hence, the Commission’s investigation has become without object and is now closed.
Chimcomplex Borzesti, majority held by businessman Stefan Vuza, in 2018 acquired the viable assets of petrochemical company Oltchim Ramnicu Valcea.
(English version by Catalina Apostoiu)