The bidding organized by Finconta Consulting, the judicial liquidator of
Carom Onesti, for the assets sale of the synthetic rubber producer, will
start at 48 million euros.
Carom is being placed on sale for the recovery of bad debts amounting to
roughly 308 million euros, about one-third of which are debts to the state
budget. The task book will be released next week and the bidding should take
place from August 21-25. Carom is the only synthetic rubber producer in
Romania and the second largest company in the Onesti industrial platform,
after the Rafo refinery.
Carom was privatized in June 2004, when 51 percent of its nominal capital
was sold to the Tender Timisoara company for 5.5 million euros. In the
meantime, Balkan Petroleum has become the majority stakeholder. One company
interested in Carom is Calder-A, a company Balkan Petroleum already closed a
contract with for the purchase of Rafo Onesti.
source
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