The conversion of the AVAS receivable into "Oltchim" stock, approved by the European Commission, does not solve the issues of the plant, considers Wojciech Zaremba, the representative of PCC SE, the minority shareholder of "Oltchim".
In his opinion, after all the effort it put into this - the conversion of the receivable, the speed up of the privatization -, the state may have the surprise of having no bidders for "Oltchim".
Wojciech Zaremba said that PCC SE is not interested in getting the plant, at any price and in any circumstances.
He explained his recent silence through the fact that after being pressured by the IMF, the government has begun the reforms which PCC SE had been asking for for years.
"My < Robin Hood > part is over, because the goal has been reached. What else could I do? The IMF has convinced Romania to conclude the necessary reforms, apparently in other companies beside "Oltchim" as well. I am very happy about that, as a potential investor."
The privatization of the "Oltchim" chemical plant (symbol: OLT) will take place on May 31st.
Following the agreement signed with the IMF, the government has made the commitment to sell 54.8% of Oltchim by the end of April.
The shareholder structure also includes "PCC SE", which owns 17.47% of the shares, and the investment fund "Carlson Ventures", registered in Great Britain, which owns 14.02%, through Nachbar Services.
For years, "PCC SE" has been waging an open war against the manager of "Oltchim", Constantin Roibu, amid diverging opinions concerning the reorganization and the future of "Oltchim".
* Interview with Wojciech Zaremba, the representative of PCC SE in Romania
Reporter: We had become used to seeing PCC SE have a reaction as soon as an event which influenced "Oltchim" occurred. After the European Commission approved the conversion o
