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The sale of Oltchim: the deadline for the engaging bids to be presented was extended up to 6 July
The deadline for the engaging bids for the sale of the shares packages of the Oltchim unit which is in default, was extended until 6 July, a report shows sent by the BVB.
Similarly in March, the deadline for the bids for the sale of the Oltchim shares was extended with three months, until 26 June, the reason being that they received requests from interested companies.
Over ten investors who presented non-engaging bids for the nine packages of Oltchim on sale could present finite bids for the purchase of the shares until the deadline of 26 June, stated on Tuesday for News.ro the special manager of the unit Bogdan Stanescu.
Oltchim got into insolvency on 30 January 2013 and the consortium made up of Rominsolv SPRL and BDO Busines Restructuring SPRL was called judicial manager. In 2016, the Romanian state got Oltchim for sale per parts by nine packages of shares.
The company recorded the Q1 of this year a net profit of 1,68 million euro, up by 76% against the similar period of last year, and a turnoverof 49.06 million euro, higher by 30% as compared to the first three months of last year. The last year when Oltchim had profit from the current activity was 2006.