Romanian law firm Musat & Asociatii was selected by the Romanian Ministry of Economy, Trade and Business to provide legal advice to the Office for State Ownership and Privatisation in Industry (OPSPI) in the privatization of the Oltchim Ramnicu Valcea plant, according to the firm.

Romania has pledged to privatize Oltchim chemicals producer at the request of the International Monetary Fund. The main shareholder in Oltchim is the Romanian state, with 54.8 percent of the shares, while the German company PCC SE and investment fund Carlson Ventures International, together own 31.3 percent of Romanian majority state-owned company Oltchim.

This year, Musat & Associatii has also been selected to assist the state in two of the biggest public offers to be conducted on the Bucharest Stock Exchange, providing legal advice in the process of sale of shares held by the Romanian in Transgaz and Transelectrica companies.

Irina Popescu, irina.popescu@romania-insider.com

(photo source: Sxc.hu)