Chemical company Chimcomplex is 83.8% owned by A2 Impex Ploiesti, a member of the Serviciile Comerciale Romane group, controlled by businessman Stefan Vuza, while 12.9% is held by Romania’s state asset management agency.
Economy Minister Varujan Vosganian Thursday met with Vuza, George Mucibabici, president of audit and consulting firm Deloitte, and Costel Ceocea, president of SIF Moldova (SIF2.RO), for talks on attracting investments for Oltchim, which entered insolvency early this year.
Israeli private equity investment group Fortissimo Capital and PCC SE, minority shareholder of Oltchim, said Tuesday they would team up for the privatization of the chemical plant. The two companies said they would submit an offer for the plant the following week.
Oltchim is controlled by the Economy Ministry. PCC SE owns 18.31% of the company directly and 14.02% indirectly, through Polyolt Holding, registered in Cyprus.
The ministry said recently Turkish chrome producer Yildirim Holding Inc. was interested in participating in the privatization of Oltchim.
In 2012, the Government had to cancel the privatization of Oltchim after the selected winner, a controversial local entrepreneur, refused to pay the agreed price. Oltchim entered insolvency in January 2013.