European Chemical Industry News & Insights

Chimcomplex Completes Purchase of Valcea Chemical Platform

At a glance
  • The acquisition value is 589,328,986.12 lei plus VAT.
  • The assets were acquired from Oltchim SA.
  • The transaction was completed on December 8, 2018.
  • Assets include Packages 1-5 and partially 7.

Transaction Completion

Chimcomplex SA Borzesti has successfully completed the acquisition of assets from Oltchim SA's platform in Ramnicu Valcea. The transaction was finalized according to the active sale contract, covering Packages 1-5 and partially 7.

Acquisition Value

The total value of the acquisition is 589,328,986.12 lei, excluding VAT. This amount was paid in full, ensuring the definitive transfer of ownership rights over the specified assets.

Effective Date

The ownership transfer was officially realized on December 8, 2018, marking the completion of the transaction and the integration of the acquired assets into Chimcomplex's operations.