In the summer of 2018, four companies expressed interest in these assets.
Assets unsold after the first sale process are Bundle 8 – Petrochemical Division Bradu, Bundle 9 – Phthalic Anhydride Plant, and part of Bundle 7- PVC II Plant. Four companies had submitted indicative offers for these asset bundles by July 31, 2018 deadline, namely, Aiotec (Germany); Nimir Chemicals Pakistan Ltd (Pakistan); Vynova Holding (Luxembourg) and Mata Chemicals (Pakistan). The aforementioned firms had until October 31 to submit final bids.
End-February 2018, the creditors assembly of Oltchim approved the tender and sales contract of the building materials division Ramplast, concluded with Dynamic Selling Group, within a transaction of EUR2.6 million, VAT not included.
In December 2017, Chimcomplex Borzesti, held by businessman Stefan Vuza, acquired five whole assets bundles and partly one, for RON582 million (EUR127 million).
Oltchim entered insolvency on January 30, 2013 and the consortium made up of Rominsolv SPRL and BDO Busines Restructuring SPRL was appointed judicial administrator.