The shares Oltchim S.A. holds in Oltchim SPV are up for sale

Oltchim’s judicial administrators, Rominsolv and BDO Business Restructuring  will proceed on February 3, 2014 with the selection of the commitment offer for the acquisition of all the shares Oltchim S.A. owns in Oltchim SPV.

The investors interested in participating at the selection procedure can submit the required documentation stipulated by the Presentation file by the January 31, 2014, 11:00 a.m., the latest, to any of the two judicial administrators’ headquarters. The Presentation file, worth 20.000 euro can be bought from the same locations, as well, according to a press release on BVB’s website.

Oltchim S.A. creditors approved at the begining of this month, on December 2, the strategy  of Oltchim’s reorganization, insolvent since January 30, 2013. In accordance with that strategy, there was established a new trading company, Oltchim SPV S.R.L., as well as the selection procedure in view of aquiring Oltchim SPV shares.

As per the selection procedure, any potential investor must purchase a Presentation file which includes detailed information and necessary instruction for preparing an offer.

The benchmark value of the assets transferred to Oltchim SPV exceeds 305 million euro, yet, it does not necessarily represent the maximum price of the transaction.