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OLTCHIM S.A. RM. VALCEA - OLT

Current report-sale of asset bundles- english version

Release Date: 10/18/2017 10:02:42 AM

IRIS Code: 0FCC9

  Registration no: 11473/18.10.2017

To,

Bucharest Stock Exchange

Financial Supervisory Authority

Current report according to the provisions of art. 122 of Law no. 24/2017 on Issuers of Financial Instruments and Market Operations and Art. 113 of Regulation no. 1/2006

Date of Report: 18.10.2017

Name of the company: Oltchim S.A. Rm. Valcea

The company headquarters: Rm. Valcea, 1 Uzinei str.

Fax: 0250/735030; telephone: 0250/701200

VAT no.: RO1475261

Trade Register no.: J38/219/1991

The European Unique Identifier (EUID): ROONRCJ38/219/1991

Legal Entity Identifier (LEI): 254900KXPD2OOC2LLX56

Capital subscribed and paid: 34,321,138.30 lei

The regulated market where the shares are traded: BSE, symbol OLT, Standard Category

Eveniment de raportat: The sale of Oltchim’s assets bundles

In the context of the competitive procedure for the sale of the Company's assets launched by Oltchim S.A. (the "Company") at the end of last year in order to sell a number of nine bundles held by the Company within the reorganization stahe of the insolvency proceedings whose subject is the Company (the "Sale Process"), in the context of the preliminary selection by the Company with regard to the nine tenderers who submitted bids in the Sale Process, Oltchim has concluded and envisages to conclude this week, as the case may be, asset sales contracts as follows

(1)               With Chimcomplex S.A. Borzesti, regarding the assets bundles no. 1-5 and partly 7;

(2)               With Dynamic Selling Group S.R.L., regarding the assets bundle no. 6;

(3)               With White Tiger Wealth Management Ltd, regarding the assets bundles no. 1, 3-5, 7, 8 and partly  9.

Discussions with other bidders are still ongoing.

The completion of transactions under these contracts is subject to certain conditions to be met, including final approval by the general meeting of the Company's creditors, this body finalizing the selection of the winning bidders. Important information on the other binding offers will be presented to creditors for information purposes in the context of the Sale Process.

The Company will continue to inform the market on the Sale Process in accordance with applicable regulations until its completion, expected to take place in the first half of 2018.

 

Judicial Administrator

BDO Business Restructuring SPRL

____________________________

 

Judicial Administrator

Rominsolv SPRL

____________________________

 

 

 

Special Administrator

Stanescu Bogdan

____________________________

 

 

General Manager

Avram Victor

______________________________

 

 



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