22 August 2012 11:30 [Source: ICIS news]
LONDON (ICIS)--Croatia-based Dioki group has agreed to sell petrochemical product marketing company Adriaoil to ?xml:namespace>
Caliskan, a corporation that operates in industries including coal mining, livestock, energy and tourism, would pay €5m ($6.25m) to cover the unpaid wages and commit to other undertakings, to be disclosed by Dioki at a later date, it added.
Dioki was also not yet ready to comment on whether or not Caliskan was likely to buy other assets of its debt-laden company, including low density polyethylene (LDPE) subsidiary Dina Petrokemija, located in Omisalj on the Croatian
Adriaoil is responsible for the marketing of Dioki group products in
Efforts announced in late July by Dioki to agree a sale of assets to Switzerland-based United Energy Commodities did not progress, Dioki said.
All plants of the Dioki group have been mothballed indefinitely since the end of last year when major creditors turned to the courts to have Dioki’s bank accounts frozen.
($1 = €0.80)
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