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BONDOC & ASOCIAȚII by Oltchim SA’s Side in Asset Sale Process

On 7th December 2018 Oltchim S.A. finalized the Asset Sale Agreement concluded with Chimcomplex S.A. Borzești, by full collection of the transaction price, on 07.12.2018, and by the transfer of the ownership right over the assets starting with 08.12.2018. The asset bundles transferred to Chimcomplex S.A. are as follows: Chlorosodics, Oxo-Alcohols, Polyols, Field Services, Wagons and VCM/PVC 1. The assets include land, buildings, investments under performance, intellectual property rights and other mobile goods mainly consisting of machinery, equipment, technologies and any other similar goods required to the production process. At the same time, a number of 1,164 employees accepted to conclude individual employment agreements with buyer Chimcomplex S.A..

BONDOC & ASOCIAȚII assisted Oltchim SA in relation to the whole project, from its beginning and until its very end. A number of over 20 lawyers of the firm, having various specializations, including 5 partners, have been involved in the project.

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