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Oct 01, 2007 18:01 EEST
October 1 (SeeNews) - Majority-state owned Romanian petrochemical producer Oltchim said on Monday it is interested in taking over two of the salt and limestone mines of the country’s salt maker, Salrom, under its development strategy.
Oltchim is also considering taking part in Salrom’s privatisation if it is not possible to buy just the two mines, it said in a statement.
Romania's privatisation agency, AVAS, owns 100% of Salrom, which has a share capital of 40.94 million lei ($17.4 million/12.2 million euro) and operates seven salt mines countrywide. AVAS has said it could offer Salrom for sale next year.
Oltchim said it is still in talks over acquiring Petrochemicals Arges, part of local oil group Petrom. Earlier this year Petrom transferred the petrochemical activities of its Arpechim oil refinery to Petrochemicals Arges as part of its modernisation process.
Oltchim is located in Ramnicu Valcea in southwestern Romania. Its shares closed unchanged at 1.01 lei on the Bucharest Stock Exchange on Monday.
(1 euro= 3.3502 Romanian lei)
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