Romania Petrochemicals Q4 2019
The privatisation of Romanian petrochemicals producer Oltchim was completed in December 2018 following anagreement with buyers for its assets and approval from the European Commission. Chimcomplex Borzești is a member of the localSCR Group owned by Romanian industrial magnate Stefan Vuza and has taken control of most of the assets. This is part of its plansto create a regional chemicals producer, Compania Română de Chimie, with the target of EUR1bn annual turnover by 2025.
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