Monday, July 13, 2009

Romanian government to fund Oltchim’s acquisition of Petrom assets

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.

For more details on Romanian government to fund Oltchim’s acquisition of Petrom assets click here

Related Posts by Categories



Read daily plastics industry news at Plastemart.com

0 comments: