Oltchim confirms advanced takeover talks with Petrom

Oltchim Ramnicu-Valcea has confirmed it is in advanced talks with Petrom about taking over the petrochemical operations of Arpechim, the agreement following to be concluded as soon as the deal is approved by Petrom’s supervisory council, according to a filing to Bucharest Stock Exchange.The board of Oltchim said Friday it will hold a press conference entitled “The Biggest M&A Event in Romania”.According officials from the Ministry of Economy, the majority shareholder of ...

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