* Constantin Roibu: "It is important that Oltchim doesn"t get sold to a competitor"
The Ministry of the Economy, the majority shareholder of "Oltchim" Râmnicu Vâlcea (OLT), yesterday announced that the government has begun the procedures for the privatization of Oltchim, and the consulting services for the sale of the company will be paid for this year.
The press release of the Ministry of the Economy mentions the fact that "Oltchim" will be put up for sale in the first half of 2012, according to a draft letter of intent drawn up following the discussions between the representatives of the government and the representatives of the joint mission of the International Monetary Fund, the World Bank and the European Commission.
Constantin Roibu, the president-managing director of the plant, said that, in his opinion, the privatization of "Oltchim" may happen in the second half of 2012, using the method suggested by the yet-to-be appointed consultant. Mr. Roibu said that he is a supporter of privatization and that it is important that the company be sold to an investor that would be interested in developing "the last petrochemical plant in Romania". Constantin Roibu said: "I think it is very important the company be sold to an investor that is interested in the good of the company and that wouldn"t be a competitor to Oltchim".
"I am a supporter of the privatization, I was not consulted by the Ministry of the Economy, when it comes to the sale of the company, perhaps I didn"t even have to be because I am a simple employee. It is important that the investor that will participate in the privatization develop Oltchim because it is the last petrochemical plant in Romania".
Information on a potential privatization of the plant of Vâlcea, which was included in the monitoring list of the IMF, was published as early as a week ago, but the Ministry of
