The Romanian government plans to aid the funding of Oltchim’s acquisition of Petrom's petrochemicals plant by next month. Oltchim was in talks with several banks for a €70 million (US$100 mln) loan too fund the acquisition, which it was finding difficult to get as the company is debt-laden at the time of a global cash squeeze that has also affected demand.
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Monday, July 13, 2009
Romanian government to fund Oltchim’s acquisition of Petrom assets
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