They said an offer was lodged after the deadline expired at 11:00 am today.
“As per the auction procedures, the offer submitted after the deadline will not be considered,” the statement noted.
Oltchim’s administrators plan to recommend resuming the auction in the next period.
Oltchim, majority owned by the Economy Ministry, halted operations in August 2012 in preparation for a privatization attempt, which failed after the auction winner refused to pay the price agreed with the authorities.
The company recently set up a special purpose vehicle called Oltchim SPV, to manage its assets, valued at some EUR305.24 million. The amount does not represent the maximum sale price, according to the company’s administrators.
Oltchim reported a loss of 285.1 million lei (EUR63.6 million) in 2013, narrower from RON570 million a year earlier.