Romanian chemical plant Oltchim S.A. (BVB:OLT) announced on January 27, 2017 the end of the non-binding bid phase of the competitive process for the sale of the assets of the company launched in the second part of 2016. Although it did not name the bidders or the total number of bids, Oltchim said four of the bids received cover the chemical operational bundles, while the remaining ones focus on the other bundles. Chimcomplex had submitted an indicative offer to acquire Oltchim's assets.

The offer submitted refers to the viable active asset bundles, utilities and to the assets which will constitute the base for the development of the future platform, the head of Chimcomplex's managing board Virgiliu ancila said, according to iarul Financiar. prior, bursa daily had reported that S.C. Chimcomplex S.A. would submit bids for 80% of Oltchim's assets and PCC, which has a 30% stake in Oltchim, will also place a bid. According to previous reports from Bursa daily, investors from Kuwait and Israel were reportedly interested in buying the industrial assets of Oltchim.