Bucharest - Romanian Insider reports that bidding in the privatisation of Romania's chemical producer Oltchim has closed without Russian energy group Gaprom entering an offer. The bid, originally set to close 17 Sept, was extended until 20 Sept at Gazprom's request.
Bidders are local media mogul Dan Diaconescu, PCC SE, already a minority shareholder in Oltchim, and businessman Stefan Vuza. Vusa made two offers via Chimcomplex and Asia Invest. He said the offers made have been improved since Monday.
All four offers will be considerered, and on 21 Sept the competition will either announce a winner or hold a competitive auction.
Oltchim has some PU interests, which might be complemented by the PCC business, which owns Polish polyol producer PCC Rokita.