* Wojciech Zaremba - one of the special administrators of the plant
* Rescue package and state guarantees through Eximbank for the resumption of the plant's operation
German company PCC and MFC Commodities SUA (the Austrian branch) have expressed their interest in the future privatization of Oltchim Râmnicu Vâlcea, said Gheorghe Piperea, a partner at Rominsolv, and receiver of the plant, together with BDO Business Restructuring. PCC is a minority shareholder in Oltchim, with over 30% of the share capital, and MFC Commodities is one of the creditors of the company.
According to some sources from the plant, trader MFC Commodities has an older contractual relationship with Oltchim and allegedly has about 40 million Euros in debt to recoup. MFC Commodities offered to lend this kind of money to Oltchim, in order to allow it to resume its production capacities, through a loan which the trader may take out from Erste Bank, our sources also say. Constantin Roibu, the former CEO of Oltchim, declined the offer.
Last week, BURSA exclusively reported that businessman Ştefan Vuza, who, in September, participated in the call for bids for the acquisition of the majority stake in Oltchim, through Aisa Invest and Chimcomplex Borzeşti, is still interested in the takeover of the plant of Vâlcea.
Mr. Vuza told us: "In September, after the installation of the new government, I have sent a letter to PM Victor Ponta expressing interest in the privatization of Oltchim. In January, I had several talks with the Ministry of the Economy. I am still interested in the privatization of CS Oltchim Râmnicu Vâlcea, if the company is rid of its debts, of the contracts with the leech companies, and if it successfully restructured. I don't we will see any concrete in less than a year, in the insolvency process which I hope will end with a reorganization and not with a bank