The Economy Ministry plans to sell the entire 54.8% stake it holds in the company. The company is to be privatized by the end of April, under agreements with the International Monetary Fund.

According to a government document obtained by MEDIAFAX, four companies from Romania, Russia, the United Arab Emirates and Germany showed interest in Oltchim.

The Oltchim shares will be sold in a process where price is the only selection criterion used.

Oltchim shares were trading mid-Tuesday at RON0.84, down 2.9% on the day. (EUR1=RON4.3688)