Administrators Rominsolv and BDO Business Restructuring will organize an outcry auction on October 8. Interested investors may file bids until October 7.
Oltchim 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, majority owned by the Economy Ministry, has opened insolvency proceedings in January 2013.