“We are maintaining the privatization calendar. The task book for the selection of an investment bank (which will seek investors) is nearly ready,” Karoly Borbely told MEDIAFAX.
Oltchim is on the list of companies that will receive private management by the end of the year, under agreements concluded by authorities with the International Monetary Fund.
Romania has been trying to privatize the chemical company ever since 2007. Under a EUR5.4 billion loan agreement signed with the EU, the International Monetary Fund and the World Bank, Oltchim should be privatized early next year.