AVAS sells RAFO debt to Austrian company Petrochemical

Representatives of Petrochemical Holding and of the National Authority for State Assets Realization (AVAS) recently signed an agreement on the takeover by the Austrian company of the debts held by AVAS in Rafo refinery based in Onesti (north-west of Bucharest), one of the largest Romanian refineries, in a deal worth 9.3 million dollars, Economistul daily reports .Thus, Rafo has no other debt to AVAS, with the Petrochemical having taken over the rights and the procedural capacity in all the ...

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