S.C. Chimcomplex S.A. won the bid to acquire Asset Bundle 1 to 5 and Part of 7 from Oltchim S.A. (BVB:OLT) on October 18, 2017. S.C. Chimcomplex S.A. agreed to acquire Asset Bundle 1 to 5 and Part of 7 from Oltchim S.A. (BVB:OLT) for approximately RON 580 million on October 24, 2017. Assets Bundles include Chlor-alkali bundle producing caustic soda liquid and solid, Oxo-alchools bundle producing oxo-alchools (octanol, isobuthanol, n-buthanol), Propylene oxide- polyols bundle, producing polyols- poliethers, Site services bundle, providing services for the bundles 1,2 and 3 (utility networks, services of combustion residues, waste storage etc.), but also for third parties, Freight railcars park that includes 1,010 pieces, and VCM/PVC plants, in conservation respectively. The deal is subject to approval from creditors in a general meeting of the creditors to be held on December 11, 2017 and is expected to close in first half of 2018. As of December 18, 2017, the asset purchase agreement has been approved by the administrators and in the general meeting of creditors. BDO Business Restructuring SPRL and Rominsolv SPRL have been appointed as legal administrators for the sale of assets. As of July 27, 2018. European Commission gives preliminary approval for acquisition. As of November 16, 2018, all approvals needed from the anti-trust body and the Supreme Council of National Defense (CSAT) were obtained. The transaction is expected to complete on December 17, 2018. As of November 21, 2018, the transaction is expected to complete in December 12, 2018. Floris Hovingh of Deloitte & Touche Corporate Finance UK Limited acted as financial advisor; George Mucibabici, Ioana Filipescu and Florin Paunescu of Deloitte Romania acted as accountant; and Andrei Burz-Pinzaru and Georgiana Singurel of Reff & Associates acted as legal advisors to Chimcomplex. Jonathan Weinberg of White & Case LLP acted as legal advisor to VTB Bank (Europe) SE and the Special Investments Group of Credit Suisse AG.

S.C. Chimcomplex S.A. completed the acquisition of Asset Bundle 1 to 5 and Part of 7 from Oltchim S.A. (BVB:OLT) on December 10, 2018. Chimcomplex raised €164 (RON 763.16 million) million from international lenders VTB Bank Europe SE (Frankfurt) and The Special Investment Unit of Credit Suisse AG (Zurich) to fully debt fund the acquisition and provide working capital.