Romania aims to pick winning bid in Oltchim sale on Feb. 3
BUCHAREST Dec 12 (Reuters) - Investors interested in buying Romanian state-owned, indebted chemical plant Oltchim have until Jan. 31 to file binding offers, a consortium of court-appointed managers for the firm said on Thursday.
The leftist government failed to sell a majority stake in Oltchim last year, part of wider privatisation commitments agreed under an International Monetary Fund-led aid deal.
Oltchim was forced to file for insolvency at the start of this year. Court-appointed managers then restructured the firm and now aim to pick a winning bid for the remaining viable parts of Oltchim on Feb. 3, they said in a statement.
The firm's assets have an overall value of 305.2 million euros ($419.8 million), the managers said, adding that the figure was not "a maximum price for the sale". ($1 = 0.7271 euros) (Reporting by Luiza Ilie; editing by Jane Baird)
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