Romanian Oltchim Management, Minority Holder To Discuss Rebound Solutions

The decision was made in a shareholder meeting on December 7, with 98.86% of the votes from present stockholders.

On the other hand, the shareholders refused to make a new plan for the company’s restructuring.

Oltchim’s Board and PCC SE have a history of antagonism in shareholder meetings, as management blames PCC’s opposition to a share capital increase for the Oltchim’s financial woes, while PCC asked, on multiple occasions, the replacement of company general manager Constantin Roibu, viewing his performance as flawed.