The initial deadline, set for January 31, was extended at the request of several potential investors, Oltchim said in a statement Wednesday.
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 court-appointed administrators.
Earlier this month, Oltchim’s private shareholders German PCC SE and Israeli private equity investment group Fortissimo Capital announced they would not file bids to acquire the company’s assets.