Tag Archives | Oltchim

Oltchim privatization plans unveiled

After intervention from the International Monetary Fund (IMF), Romania’s economy ministry aims to sell its 54.79% majority stake in loss-making chemical producer Oltchim, according to ICIS news.  Germany’s Petro Carbo Chem – an activist shareholder is likely to be interested. Economy mnister Ion Ariton is also revealed that Oltchim’s creditors, including Erste Group’s Banca Comerciala Romana could […]

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Letter reveals PCC and Oltchim are at loggerheads

We at ICIS felt a bit of the heat generated from an antagonistic shareholder/owner relationship this week. An e-mail arrived from Romania’s Oltchim complaining about our coverage of statements made by Germany’s Petro Carbo Chem, which holds a 12% stake in Oltchim. The company complained about our coverage (also reported on this blog), of PCC’s […]

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Germany’s PCC renews interest in Romania chemical group Oltchim

As predicted in last week’s blog post, Germany’s Petro Carbo Chem (PCC) has restated its interest in buying out the state’s remaining 54.79% stake in Romania’s Oltchim.  PCC currently holds a 12.16% stake in Oltchim and now an activist shareholder has restated its interest in examining a bid for the financially-troubled company following pressure from […]

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Privatization of Romania chemical group Oltchim moves up a gear

Trawling through my Google Reader I found this story which suggests the privatization of Romania’s Oltchim could be moving into gear. This press report suggests that investment funds may be interested in buying a stake. But I would have thought that the existing international investor, Germany’s PCC, would be the obvious candidate to boost its […]

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