Oltchim To Be Privatized Through Sale Of State's Stake And Debts

08.23.2012 By Radu Bostan

Romania's Government has changed the privatization strategy for chemical producer Oltchim to a combined sale of the state's stake of 54.6% and the receivables held by privatization authority AVAS and Electrica SA, which amount to 1.8 billion lei (EUR400 million), or 56% of Oltchim's debts.

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Keywords:: GOVERNMENT; , OLTCHIM; , PRIVATIZATION

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