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Deloitte advised Chimcomplex on raising 164 million Euro of debt finance for acquiring Oltchim

A mixed team of experts from Deloitte UK, Deloitte Romania and Reff & Associates, member of the Deloitte Legal global network, advised Chimcomplex SA Borzesti on raising debt finance to fully fund its acquisition of the assets of Oltchim SA out of insolvency to create the market-leading chlor-alkali producer in Romania.

2018-12-17 14:03:18

Chimcomplex raised 164 million Euro from international lenders VTB Bank Europe SE (Frankfurt) and The Special Investment Unit of Credit Suisse AG (Zurich) to fully debt fund the acquisition and provide working capital.

The landmark transaction combines two of the largest chemical companies in Romania, which is a transformational acquisition for Chimcomplex and will reinvigorate the chemicals industry in Romania.

"Our successful completion of the acquisition of Oltchim's assets marks an important milestone in our company's development, is an extraordinary achievement for our team and is a new start for the whole industry here in Romania," said Stefan Vuza, the CEO and Chairman of Chimcomplex.



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