Businessman Stefan Vuza eyes Oltchim privatization offer

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 economica.net.

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.

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