Antena 3 CNN Business Vosganian: A call for tender for Oltchim will be published next week

Vosganian: A call for tender for Oltchim will be published next week

Vosganian: A call for tender for Oltchim will be published next week
27 Mai 2013   •   16:20
Economy Minister Varujan Vosganian says that a call for tender for  Oltchim would  be published and that he would present to the prime minister a plan aimed at finding a 25 million Euros grant, allowing utilities payments and the purchase of additional material. 

"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.

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