Businessman Stefan Vuza eyes Oltchim privatization offer

Newsroom 28/08/2014 | 16:29

Chimcomplex Onesti, controlled by Cluj businessman Stefan Vuza, has maintained its interest in the privatization offer of Oltchim Ramnicu Valcea which is set to be picked up again in December, writes

Virgiliu Bancila, president of Chimcomplex’s board, said that the company will place an offer for buying Oltchim’s shares.

Bancila believes “Oltchim shows potential and we could make it profitable in 6 months”. The board president doesn’t believe in the “Chinese dream”, responding to rumors that two chinese companies might be interested in the chemical plant.

Other parties that have shown interest in Oltchim include Baota Petrochemical Group and Junlun Petroleum from China, as well as investors from Russia, Hungary and Azerbaidjan.

BR Magazine | Latest Issue

Download PDF or read online: December 2022 Issue | Business Review Magazine

The December 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Xclusiverse: Going Beyond the Traditional Ways of Doing Business.”
Newsroom | 19/12/2022 | 18:45

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of
    I agree with the storage and handling of my data by
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue