If you can see this message, your browser does not support canvas and needs an update. Sorry. :(
Tuesday, December 11, 2018 
Market Status: OPEN
About us and Governance Investor Relations Contact
Advanced search

Market News


Transaction price for Oltchim assets sale

Release Date: 10/27/2017 11:08:46 AM

IRIS Code: 381FF

Registration no: 11861/27.10.2017


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: 27.10.2017

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

Event to be reported: Sale of asset packages of Oltchim S.A.

Within the context of the competitive asset bundles sales procedure launched by Oltchim S.A. (the “Company”) at the end of last year in view of the sale of nine asset bundles owned by the Company during the reorganization phase of the Company’s insolvency procedure (the “Sales Process”), in the context of the preliminary selection carried out by the Company in the Sales Process, and in the context of the previous reports dated 18.10.2017, and 24.10.2017:

(1)               In the asset sale contract, concluded between Oltchim S.A. and Chimcomplex S.A. Borzesti, regarding the asset bundles no. 1-5, and partially bundle no. 7, the transaction price is the RON equivalent of EUR 127,000,000, namely RON 582,345,800, plus applicable VAT, covering all the transferred assets, in the context of the applicable agreement;

(2)               In the asset sale contract, concluded between Oltchim S.A. and Dynamic Selling Group S.R.L., regarding the asset bundles no. 6, the transaction price is the RON equivalent of EUR 1,900,000, namely RON 8,724,990 plus applicable VAT, covering all the transferred assets, in the context of the applicable agreement;

Closing under such agreements is subject to certain conditions being met, among which the final approval of the general assembly of the creditors of the Company, this body finalizing the selection of the successful bidders.

The Company will update the market in connection with the Sales Process in accordance with the applicable rules until its completion expected to occur in the first part of 2018.


Judicial Administrator

BDO Business Restructuring SPRL



Judicial Administrator

Rominsolv SPRL



Special Administrator

Stanescu Bogdan



Deputy General Manager

Avram Victor





Information provided by IRIS, the news platform of the Bucharest Stock Exchange.


Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

©2016 Bucharest Stock Exchange. All rights reserved