The contract transmission was included on the agenda of the meeting of Oltchim shareholders scheduled for November 5.
The contracts will be accompanied by reports analyzing each of them.
On Tuesday, Oltchim’s Board appointed Mihai Balan as the company’s new general manager, just one day after the government failed to complete the sale of a 54.8% stake in the financially-troubled company. Prime Minister Victor Ponta said he expects the new manager would cancel the company’s loss-generating contracts and would restart production.
Balan said earlier Wednesday he would meet with bank officials to discuss unlocking Oltchim’s accounts to allow the restart of operations and the payment of back wages in two weeks.
Oltchim has 54.8% of its shares in the hands of the Economy Ministry, while Germany’s PCC SE holds an 18.32% stake.
The state’s stake was auctioned off for some 203 million lei (EUR45 million) on September 21, but the winner, a controversial local politician and journalist, failed to produce the money by the October 1 deadline. The head of OPSPI, Remus Vulpescu, resigned Wednesday over the failed sale.