Romanian Economy Ministry Selects Adviser For Oltchim Privatization
Romania's Economy Ministry on Monday announced that it has selected PricewaterhouseCoopers as advisers for the preparation and unfolding of privation at chemical plant Oltchim (OLT.RO).
The contract was signed on December 8.
Under an agreement between local authorities and the International Monetary Fund, Oltchim should be privatized by the end of April 2012.
The company has 3,454 employees and it is 54.8% owned by the Economy Ministry. Other shareholders include german PCC SE with 17.47% and Carlson Ventures with 14.02%.
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