* UPDATE 3: Victor Ponta announces that the privatization terms will not be changed

Victor Ponta said that the privatization of Oltchim will not be postponed and that the schedule will be complied with: the bids will be submitted on Thursday, and the open auction will be held on Friday, as announced yesterday by the OPSPI.

"Of the offers we have received, one is truly < < exotic > >, and another we need to review very carefully. We need to see whether these bids have a financial potential. Chimcomplex is a rather small company compared to Oltchim. Regardless of the final outcome, we will not accept any bid which involves the loss of jobs and the dismantling of Oltchim. The situation is very difficult", the prime minister said.

According to the prime minister if none of the bids is satisfactory, the company will be placed under receivership, but only "in the short term".

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* UPDATE 2: Ponta is talking to Chiţoiu about the privatization of "Oltchim"

Prime Minister Victor Ponta will meet the minister of the Economy this morning to talk about the privatization of "Oltchim" and the postponement of the call for bids by three days, press sources announce.

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* UPDATE: The stock of Oltchim opens in the red

The Bucharest Stock Exchange has unlocked trading in the stock of Oltchim and price is down 5.67%.

* Sensational: Dan Diaconescu wants to have the very privatization he wants to win cancelled!

* PCC SE, AISA, Chimcomplex and Dan Diaconescu have submitted firm bids

* Gazprom and Pegamont have asked for delays

* Pegamont has offered to fund the plant's return to operational, in exchange for the delay

The lawsuits filed by journalist Dan Diaconescu against the privatization of Oltchim have caused the Office For The State's Interes