Assets unsold after the first sale process are Bundle 8 – Petrochemical Division Bradu, Bundle 9 – Phthalic Anhydride Plant, and part of Bundle – PVC II Plant.
Oltchim received indicative offers from Aiotec (Germany) for bundle 7 and bundle 8; Nimir Chemicals Pakistan Ltd (Pakistan) for bundle 9; Vynova Holding (Luxembourg) for bundle 7, bundle 8 and bundle 9; and Mata Chemicals (Pakistan) for bundle 9.
Interested parties are currently conducting due diligence procedures, with final offers following to be submitted until October 31, 2018, Oltchim said.