Romania’s Oltchim approves plan to borrow €62 mln to acquire Petrom assets

Romanian chemical plant Oltchim has approved plans to borrow €62 million (US$88 million) to buy petrochemical assets of Petrom's Arpechim Pitesti (refinery), as well as for working capital. About 80% of the loan, which was approved in a general shareholders meeting on Friday, will be guaranteed by the state-owned bank Eximbank.
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