"Next week we will publish the call for tender for Oltchim, which is a prior notice. It does not contain the specifications themselves, but it is an attempt to see what is the interest of potential investors. We have got some money, towards the end of the week several teams of experts from interested companies will arrive. We have made this notice of offer so that henceforth our contacts should be made public and provide some confidence in this area, " Vosganian said, according to Mediafax.
He also made references to a plan drawn up with the Oltchim receivers, which will be presented next week to the Prime Minister Victor Ponta and which provides the first step towards identifying a of 25 million Euros funding.
"One of the companies that showed interest, I took them to meet with the PM too, the TISE company, which last year has no longer participated in the tender for reasons well known, has announced its interest both in an integrated formula with the refinery of Pitesti Arpechim, with our Petrochemical Division of Bradu and the chemistry platform. It is necessary that the chemistry should have a capacity of 50% over the whole plant. Me , my colleagues and the receivers, we have thought of a plan that next week I will discuss with the Prime Minister. The plan provides, in the first instance, finding a EUR 25 million financing, to cover the payment of utilities and purchase additional raw materials, so that, over the next few months Oltchim should reach a production level to ensure the company’s profit. Next week I will present the prime minister this financial construction, which should rely on what is not yet mortgaged from Oltchims assets and which can attract the interest of banks. If everyone agrees, we will proceed towards this financial construction, " Vosganian stated Friday.
Oltchim chemical plant entered insolvency, the application to start the liquidation process was approved on January 30, by the Valcea Court.
The bid to purchase the majority stake from Oltchim was won last year by Dan Diaconescu, the owner of OTV. Diaconescuke possession of the title, since he was unable to pay to the state the amount of EUR 45 million he had pledged to pay.
After this failure, the stated would not announce any deadline for the plant’s privatization.